Jarir Marketing Co (SAU:4190) Long-Term Capital Lease Obligation : ﷼584 Mil (As of Mar. 2024)

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What is Jarir Marketing Co Long-Term Capital Lease Obligation?

Jarir Marketing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼584 Mil.

Jarir Marketing Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼554 Mil) to Dec. 2023 (﷼581 Mil) and increased from Dec. 2023 (﷼581 Mil) to Mar. 2024 (﷼584 Mil).

Jarir Marketing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼520 Mil) to Dec. 2022 (﷼583 Mil) but then declined from Dec. 2022 (﷼583 Mil) to Dec. 2023 (﷼581 Mil).

Jarir Marketing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jarir Marketing 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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Jarir Marketing Co Long-Term Capital Lease Obligation Chart

Jarir Marketing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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646.59

580.70

519.87

583.15

581.26

Jarir Marketing Co 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															586.55	561.25	554.29	581.26	583.90

Jarir Marketing Co (SAU:4190) 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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Jarir Marketing Co (SAU:4190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jarir Marketing Co (SAU:4190) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main Olaya street, P.O. Box 3196, Olaya, Riyadh, SAU, 11471

Website

https://www.jarir.com

Jarir Marketing Company operates retail and wholesale showrooms. The company activity include ) include; retail and wholesale trading in office and school supplies, children toys, books, educational aids, office furniture, engineering equipment, computers and computer systems, electronic and electrical devices, maintenance of computers and electronic and electrical devices, sports and scout equipment and paper. It also includes, purchase of residential and commercial buildings and the acquisition of land to construct buildings for sale or lease for the interest of the Company. The company segments include Retail Outlets, Wholesale, E-commerce, and Others. It generates maximum revenue from the Retail Outlets segment.

Jarir Marketing Co (SAU:4190) Headlines

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