Babelon Investments Co (AMM:SALM) Long-Term Capital Lease Obligation : JOD0.00 Mil (As of . 20)

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What is Babelon Investments Co Long-Term Capital Lease Obligation?

Babelon Investments Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JOD0.00 Mil.

Babelon Investments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Babelon Investments Co'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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Babelon Investments Co Long-Term Capital Lease Obligation Chart

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Babelon Investments Co Quarterly Data

Long-Term Capital Lease Obligation

Babelon Investments Co (AMM:SALM) 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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Babelon Investments Co (AMM:SALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Babelon Investments Co PLC (AMM:SALM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Boulevard 14 Rafic Hariri Avenue, Kawar Building, P.O. Box 9207, Amman, JOR, 11191

Website

Babelon Investments Co PLC is a Jordan-based company that engages in the provision of financial services. Its principal activity is dealing in stock listed on the Amman Stock exchange, including purchasing and selling stocks for the interests of the company and others.