Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Long-Term Capital Lease Obligation : E£0 Mil (As of Nov. 2023)

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What is Cairo For Investment And Real Estate Developments CIRA Education Long-Term Capital Lease Obligation?

Cairo For Investment And Real Estate Developments CIRA Education's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was E£0 Mil.

Cairo For Investment And Real Estate Developments CIRA Education's quarterly Long-Term Capital Lease Obligation increased from May. 2023 (E£0 Mil) to Aug. 2023 (E£4 Mil) but then declined from Aug. 2023 (E£4 Mil) to Nov. 2023 (E£0 Mil).

Cairo For Investment And Real Estate Developments CIRA Education's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (E£588 Mil) to Aug. 2022 (E£3 Mil) but then increased from Aug. 2022 (E£3 Mil) to Aug. 2023 (E£4 Mil).

Cairo For Investment And Real Estate Developments CIRA Education Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cairo For Investment And Real Estate Developments CIRA Education'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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Cairo For Investment And Real Estate Developments CIRA Education Long-Term Capital Lease Obligation Chart

Cairo For Investment And Real Estate Developments CIRA Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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587.66

2.54

4.26

Cairo For Investment And Real Estate Developments CIRA Education Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.15	2.27	-	4.26	-

Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) 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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Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

36 Sheikh Ahmed El Sawy Street, Nasr City, Cairo, EGY

Website

https://cira.com.eg

Cairo For Investment And Real Estate Developments CIRA Education Formerly Cairo Investment and Real Estate Development is an Egypt-based provider of educational services in the private sector. The company engaged in two reportable segments which include the School segment, and the Higher Education segment. The majority of revenue derives from the Higher Education segment.

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