Gav-Yam Lands (XTAE:GVYM) Long-Term Capital Lease Obligation : ₪5.7 Mil (As of Mar. 2024)

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What is Gav-Yam Lands Long-Term Capital Lease Obligation?

Gav-Yam Lands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪5.7 Mil.

Gav-Yam Lands's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₪6.0 Mil) to Dec. 2023 (₪5.6 Mil) but then increased from Dec. 2023 (₪5.6 Mil) to Mar. 2024 (₪5.7 Mil).

Gav-Yam Lands's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪1.3 Mil) to Dec. 2022 (₪1.8 Mil) and increased from Dec. 2022 (₪1.8 Mil) to Dec. 2023 (₪5.6 Mil).

Gav-Yam Lands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gav-Yam Lands'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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Gav-Yam Lands Long-Term Capital Lease Obligation Chart

Gav-Yam Lands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.62

0.39

1.34

1.81

5.59

Gav-Yam Lands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.62	5.95	5.99	5.59	5.68

Gav-Yam Lands (XTAE:GVYM) 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.

Gav-Yam Lands Long-Term Capital Lease Obligation Related Terms

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Gav-Yam Lands (XTAE:GVYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gav-Yam Lands Corp Ltd (XTAE:GVYM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

9 Andrei Sakharov Street, Matam Tower 1, P.O. Box 15041, Haifa, ISR, 31905

Website

https://www.gav-yam.co.il

Gav-Yam Lands Corp Ltd is an Israeli real estate company, engaged directly and through its subsidiaries in the initiation, planning, establishing, and managing of high-technology parks, industrial parks, commerce, and office buildings, logistics centers, and residential neighborhoods. The company has been involved in many commercial, industrial, and residential developments throughout Israel. The company's well-known projects include Gav-Yam Center Herzliya, a six-building complex, including an underground parking lot, Matam Park - Haifa, an international business & Hi-Tech park, Gav-Yam Park - Caesarea, a modern park designed to populate companies from various industries.

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