Alamar Foods Co (SAU:6014) Long-Term Capital Lease Obligation : ﷼110.1 Mil (As of Mar. 2024)

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What is Alamar Foods Co Long-Term Capital Lease Obligation?

Alamar Foods Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼110.1 Mil.

Alamar Foods Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (﷼122.9 Mil) to Dec. 2023 (﷼121.6 Mil) and declined from Dec. 2023 (﷼121.6 Mil) to Mar. 2024 (﷼110.1 Mil).

Alamar Foods Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼149.1 Mil) to Dec. 2022 (﷼154.0 Mil) but then declined from Dec. 2022 (﷼154.0 Mil) to Dec. 2023 (﷼121.6 Mil).

Alamar Foods Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alamar Foods 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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Alamar Foods Co Long-Term Capital Lease Obligation Chart

Alamar Foods Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

137.49

149.11

153.95

121.62

Alamar Foods Co Quarterly Data
	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											139.87	133.82	122.85	121.62	110.06

Alamar Foods Co (SAU:6014) 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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Alamar Foods Co (SAU:6014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Alamar Foods Co (SAU:6014) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

3507 Prince Sultan Bin Abdulaziz Road, Unit 1, Al Olaya, Riyadh, SAU

Website

https://www.alamar.com

Alamar Foods Co is a Quick Service Restaurant (QSR) operator in the Middle East, North Africa, and Pakistan (MENAP Region). The company is into Establishing, operating and managing of fast food restaurants.

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