El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Long-Term Capital Lease Obligation : ₪7.6 Mil (As of Sep. 2023)

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What is El-Mor Electric Installation & Services (1986) Long-Term Capital Lease Obligation?

El-Mor Electric Installation & Services (1986)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₪7.6 Mil.

El-Mor Electric Installation & Services (1986)'s quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (₪4.6 Mil) to Jun. 2023 (₪7.9 Mil) but then declined from Jun. 2023 (₪7.9 Mil) to Sep. 2023 (₪7.6 Mil).

El-Mor Electric Installation & Services (1986)'s annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₪2.3 Mil) to Dec. 2021 (₪3.3 Mil) and increased from Dec. 2021 (₪3.3 Mil) to Dec. 2022 (₪5.2 Mil).

El-Mor Electric Installation & Services (1986) Long-Term Capital Lease Obligation Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'s Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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El-Mor Electric Installation & Services (1986) Long-Term Capital Lease Obligation Chart

El-Mor Electric Installation & Services (1986) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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2.80

2.32

3.27

5.15

El-Mor Electric Installation & Services (1986) Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	5.15	4.59	7.89	7.60

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

El-Mor Electric Installation & Services (1986) Long-Term Capital Lease Obligation Related Terms

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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » El-Mor Electric Installation & Services (1986) Ltd (XTAE:ELMR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Hotzot Haytozer Street, Ashkelon, ISR

Website

http://www.el-mor.co.il

El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

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