RAK Properties PJSC (ADX:RAKPROP) Long-Term Capital Lease Obligation : د.إ0 Mil (As of Mar. 2024)

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What is RAK Properties PJSC Long-Term Capital Lease Obligation?

RAK Properties PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil.

RAK Properties PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for RAK Properties PJSC'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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RAK Properties PJSC Long-Term Capital Lease Obligation Chart

RAK Properties PJSC Annual Data

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Long-Term Capital Lease Obligation

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RAK Properties PJSC Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

RAK Properties PJSC (ADX:RAKPROP) 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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RAK Properties PJSC (ADX:RAKPROP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RAK Properties PJSC (ADX:RAKPROP) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

Julphar Towers, P.O. Box 31113, Floor No 41, Ras Al-Khaimah, ARE

Website

https://www.rakproperties.ae

RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. ?The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management and related services.

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