Elco (XTAE:ELCO) Long-Term Capital Lease Obligation : ₪2,886 Mil (As of Jun. 2024)

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What is Elco Long-Term Capital Lease Obligation?

Elco's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪2,886 Mil.

Elco's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₪2,200 Mil) to Mar. 2024 (₪2,798 Mil) and increased from Mar. 2024 (₪2,798 Mil) to Jun. 2024 (₪2,886 Mil).

Elco's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪2,078 Mil) to Dec. 2022 (₪2,193 Mil) and increased from Dec. 2022 (₪2,193 Mil) to Dec. 2023 (₪2,200 Mil).

Elco Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elco'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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Elco Long-Term Capital Lease Obligation Chart

Elco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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560.26

562.74

2,077.56

2,193.18

2,199.63

Elco Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,220.36	2,183.02	2,199.63	2,798.12	2,885.64

Elco (XTAE:ELCO) 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.

Elco Long-Term Capital Lease Obligation Related Terms

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Elco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Elco Ltd (XTAE:ELCO) » Definitions » Long-Term Capital Lease Obligation

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Address

98 Yigal Alon Street, Electra Tower, 50th Floor, Tel Aviv, ISR, 978914

Website

http://www.elco.co.il

Elco Ltd is engaged in diverse industries such as construction, infrastructure, consumer electronics, telecommunications, entertainment, and others. The company has three segments namely Electra segment which operates in the field of services for buildings and infrastructures in Israel and abroad. Its Electra Consumer Products segment includes importing, manufacturing, exporting, marketing, selling, and distributing electrical consumer products and the provision of services for products. The Electra Real Estate segment operates in the field of the purchase, management, and enhancement of housing complexes for rental in the South Eastern United States.