Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Long-Term Capital Lease Obligation : د.إ1,011 Mil (As of Mar. 2024)

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What is Abu Dhabi Ports Co PJSC Long-Term Capital Lease Obligation?

Abu Dhabi Ports Co PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ1,011 Mil.

Abu Dhabi Ports Co PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (د.إ1,016 Mil) to Dec. 2023 (د.إ857 Mil) but then increased from Dec. 2023 (د.إ857 Mil) to Mar. 2024 (د.إ1,011 Mil).

Abu Dhabi Ports Co PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ713 Mil) to Dec. 2022 (د.إ845 Mil) and increased from Dec. 2022 (د.إ845 Mil) to Dec. 2023 (د.إ857 Mil).

Abu Dhabi Ports Co PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abu Dhabi Ports Co PJSC'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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Abu Dhabi Ports Co PJSC Long-Term Capital Lease Obligation Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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774.75

774.09

713.46

845.08

857.21

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	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											831.42	1,124.05	1,015.89	857.21	1,010.86

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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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Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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