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DXB Entertainments PJSC (DFM:DXBE) Long-Term Capital Lease Obligation : د.إ413.66 Mil (As of Mar. 2021)


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What is DXB Entertainments PJSC Long-Term Capital Lease Obligation?

DXB Entertainments PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was د.إ413.66 Mil.

DXB Entertainments PJSC's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 (د.إ423.67 Mil) to Dec. 2020 (د.إ425.05 Mil) but then declined from Dec. 2020 (د.إ425.05 Mil) to Mar. 2021 (د.إ413.66 Mil).

DXB Entertainments PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2018 (د.إ526.51 Mil) to Dec. 2019 (د.إ406.39 Mil) but then increased from Dec. 2019 (د.إ406.39 Mil) to Dec. 2020 (د.إ425.05 Mil).


DXB Entertainments PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for DXB Entertainments 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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DXB Entertainments PJSC Long-Term Capital Lease Obligation Chart

DXB Entertainments PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 303.25 526.51 406.39 425.05

DXB Entertainments PJSC Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 415.61 423.67 425.05 413.66

DXB Entertainments PJSC  (DFM:DXBE) 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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DXB Entertainments PJSC (DFM:DXBE) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, P.O. Box 33772, Opposite the Palm Jebel Ali, Exit 5, Saih Shuaib, Dubai, ARE
DXB Entertainments PJSC is a leisure and entertainment company in Dubai. It owns the Dubai Parks and Resorts destination which consists of theme parks and water parks at the same location. Its brands include MotionGate Dubai, which is a Hollywood based theme park and the highest revenue source, Legoland Dubai and Waterpark, Bollywood Parks Dubai, Lapita, and Riverland Dubai.

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