Mena Touristic Real Estate Investments (CAI:MENA) Long-Term Capital Lease Obligation : E£0.00 Mil (As of . 20)

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What is Mena Touristic Real Estate Investments Long-Term Capital Lease Obligation?

Mena Touristic Real Estate Investments's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was E£0.00 Mil.

Mena Touristic Real Estate Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mena Touristic Real Estate Investments'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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Mena Touristic Real Estate Investments Long-Term Capital Lease Obligation Chart

Mena Touristic Real Estate Investments Annual Data

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Mena Touristic Real Estate Investments Quarterly Data

Long-Term Capital Lease Obligation

Mena Touristic Real Estate Investments (CAI:MENA) 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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Mena Touristic Real Estate Investments (CAI:MENA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mena Touristic Real Estate Investments SA (CAI:MENA) » Definitions » Long-Term Capital Lease Obligation

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Address

35 A& B Saraya El Maadi Towers, Corniche El Nile, Maadi, Cairo, EGY

Website

http://www.mena.com.eg

Mena Touristic Real Estate Investments SA operates in the fields of construction, real estate investment, project management, and urban development locally and internationally. Its undertakes projects in Egypt, Lebanon, Syria, and Sudan. The company projects include Turquoise North Coast, Mena 5 North Coast, Mena Plaza, Mena Garden city club and Nabee El Hamra.

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