Aluminium Bahrain BSC (BAH:ALBH) Long-Term Capital Lease Obligation : BHD7 Mil (As of Mar. 2024)

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What is Aluminium Bahrain BSC Long-Term Capital Lease Obligation?

Aluminium Bahrain BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD7 Mil.

Aluminium Bahrain BSC's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (BHD5 Mil) to Dec. 2023 (BHD8 Mil) but then declined from Dec. 2023 (BHD8 Mil) to Mar. 2024 (BHD7 Mil).

Aluminium Bahrain BSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (BHD5 Mil) to Dec. 2022 (BHD5 Mil) but then increased from Dec. 2022 (BHD5 Mil) to Dec. 2023 (BHD8 Mil).

Aluminium Bahrain BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aluminium Bahrain BSC'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.

* Premium members only.

Aluminium Bahrain BSC Long-Term Capital Lease Obligation Chart

Aluminium Bahrain BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.16

5.56

4.86

4.75

7.61

Aluminium Bahrain BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.76	4.71	4.66	7.61	7.38

Aluminium Bahrain BSC (BAH:ALBH) 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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Aluminium Bahrain BSC (BAH:ALBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium Bahrain BSC (BAH:ALBH) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ALBH:UK

Address

94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR

Website

https://www.albasmelter.com

Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke.

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