Saudi Lime Industries Co (SAU:9566) Long-Term Capital Lease Obligation : ﷼1.7 Mil (As of Dec. 2023)

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What is Saudi Lime Industries Co Long-Term Capital Lease Obligation?

Saudi Lime Industries Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.7 Mil.

Saudi Lime Industries Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (﷼2.0 Mil) to Jun. 2023 (﷼2.0 Mil) but then declined from Jun. 2023 (﷼2.0 Mil) to Dec. 2023 (﷼1.7 Mil).

Saudi Lime Industries Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼2.0 Mil) but then declined from Dec. 2022 (﷼2.0 Mil) to Dec. 2023 (﷼1.7 Mil).

Saudi Lime Industries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Lime Industries 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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Saudi Lime Industries Co Long-Term Capital Lease Obligation Chart

Saudi Lime Industries Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

1.95

1.73

Saudi Lime Industries Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	1.95	2.03	1.73

Saudi Lime Industries Co (SAU:9566) 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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Saudi Lime Industries Co (SAU:9566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saudi Lime Industries Co (SAU:9566) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383

Website

https://saudilime.com

Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

Saudi Lime Industries Co (SAU:9566) Headlines

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