Hagag Group Real Estate Development (XTAE:HGG) Long-Term Capital Lease Obligation : ₪13.9 Mil (As of Dec. 2023)

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What is Hagag Group Real Estate Development Long-Term Capital Lease Obligation?

Hagag Group Real Estate Development's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪13.9 Mil.

Hagag Group Real Estate Development's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₪9.1 Mil) to Sep. 2023 (₪9.0 Mil) but then increased from Sep. 2023 (₪9.0 Mil) to Dec. 2023 (₪13.9 Mil).

Hagag Group Real Estate Development's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪11.6 Mil) to Dec. 2022 (₪9.6 Mil) but then increased from Dec. 2022 (₪9.6 Mil) to Dec. 2023 (₪13.9 Mil).

Hagag Group Real Estate Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hagag Group Real Estate Development'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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Hagag Group Real Estate Development Long-Term Capital Lease Obligation Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.17

13.54

11.62

9.58

13.88

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.58	9.23	9.07	8.98	13.88

Hagag Group Real Estate Development (XTAE:HGG) 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.

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Hagag Group Real Estate Development (XTAE:HGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » Long-Term Capital Lease Obligation

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Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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