Shapir Engineering and Industry (XTAE:SPEN) Long-Term Capital Lease Obligation : ₪299 Mil (As of Mar. 2025)

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What is Shapir Engineering and Industry Long-Term Capital Lease Obligation?

Shapir Engineering and Industry's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₪299 Mil.

Shapir Engineering and Industry's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (₪263 Mil) to Dec. 2024 (₪300 Mil) but then declined from Dec. 2024 (₪300 Mil) to Mar. 2025 (₪299 Mil).

Shapir Engineering and Industry's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (₪261 Mil) to Dec. 2023 (₪275 Mil) and increased from Dec. 2023 (₪275 Mil) to Dec. 2024 (₪300 Mil).

Shapir Engineering and Industry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shapir Engineering and Industry'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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Shapir Engineering and Industry Long-Term Capital Lease Obligation Chart

Shapir Engineering and Industry Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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61.28

156.00

261.00

275.00

300.00

Shapir Engineering and Industry Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															249.00	250.00	263.00	300.00	299.00

Shapir Engineering and Industry (XTAE:SPEN) 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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Shapir Engineering and Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shapir Engineering and Industry Ltd (XTAE:SPEN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

12 Bareket Street, Petach Tikva, ISR, 49170

Website

http://www.shapir.co.il

Shapir Engineering and Industry Ltd is an Israel-based company which is active in engineering and construction industry. It is engaged in manufacturing and supplying of aggregates and road materials, concrete, concrete fabricated plant as well as asphalt for road paving. The company also manufactures ready mix concrete and building finishing products and prefabricated elements from prestressed and precast concrete. Shapir focuses on developing high-quality apartment buildings and other apartments in various projects through Israel.

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