Seera Group Holding (SAU:1810) Long-Term Capital Lease Obligation : ﷼219 Mil (As of Dec. 2023)

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What is Seera Group Holding Long-Term Capital Lease Obligation?

Seera Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼219 Mil.

Seera Group Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (﷼223 Mil) to Sep. 2023 (﷼219 Mil) and declined from Sep. 2023 (﷼219 Mil) to Dec. 2023 (﷼219 Mil).

Seera Group Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼91 Mil) to Dec. 2022 (﷼161 Mil) and increased from Dec. 2022 (﷼161 Mil) to Dec. 2023 (﷼219 Mil).

Seera Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seera Group Holding'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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Seera Group Holding Long-Term Capital Lease Obligation Chart

Seera Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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73.55

80.88

90.57

161.00

218.70

Seera Group Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															161.00	236.63	222.52	219.18	218.70

Seera Group Holding (SAU:1810) 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.

Seera Group Holding Long-Term Capital Lease Obligation Related Terms

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Seera Group Holding (SAU:1810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Seera Group Holding (SAU:1810) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Takhasussi Street, P.O. Box 52660, Olaya, Riyadh, SAU, 11573

Website

https://www.seera.sa

Seera Group Holding is a Saudi Joint Stock company registered in Riyadh, Kingdom of Saudi Arabia. Al Tayyar Travel Group activities encompass scheduled air travel services, tourism, cargo, transportation, Hajj and Umrah, conference and events, education, chartered flights, furnished suites and hotels, shipping and other travel-related services and products. The group comprises following business segments namely Ticketing, Tourism, Transportation, Hospitality, and Property rentals. The company generates the majority of its revenue from the Transportation segment which provides transportation-related services, such as car rentals, chartered flights, and delivery of shipments.

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