Oron Group Investments & Holdings (XTAE:ORON) Long-Term Capital Lease Obligation : ₪37 Mil (As of Mar. 2024)

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What is Oron Group Investments & Holdings Long-Term Capital Lease Obligation?

Oron Group Investments & Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪37 Mil.

Oron Group Investments & Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₪17 Mil) to Sep. 2023 (₪15 Mil) but then increased from Sep. 2023 (₪15 Mil) to Mar. 2024 (₪37 Mil).

Oron Group Investments & Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₪20 Mil) to Dec. 2021 (₪16 Mil) and declined from Dec. 2021 (₪16 Mil) to Dec. 2022 (₪16 Mil).

Oron Group Investments & Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oron Group Investments & Holdings'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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Oron Group Investments & Holdings Long-Term Capital Lease Obligation Chart

Oron Group Investments & Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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21.36

20.33

16.50

16.26

Oron Group Investments & Holdings Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									16.26	17.09	17.19	14.71	37.13

Oron Group Investments & Holdings (XTAE:ORON) 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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Oron Group Investments & Holdings (XTAE:ORON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Oron Group Investments & Holdings Ltd (XTAE:ORON) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Yehuda Hanachtom Street, Beltech Building, Beersheba, ISR

Website

http://www.oron-group.co.il

Oron Group Investments & Holdings Ltd is a civil engineering and development company. It is engaged in infrastructure, civil engineering, industrial and residential construction. The Company manages several companies and subsidiaries in the field of civil engineering,industry, infrastructure, development and contracting. It has engineering projects in Israel and abroad.

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