Agthia Group PJSC (ADX:AGTHIA) Long-Term Capital Lease Obligation : د.إ75 Mil (As of Dec. 2023)

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What is Agthia Group PJSC Long-Term Capital Lease Obligation?

Agthia Group PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ75 Mil.

Agthia Group PJSC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (د.إ56 Mil) to Sep. 2023 (د.إ60 Mil) and increased from Sep. 2023 (د.إ60 Mil) to Dec. 2023 (د.إ75 Mil).

Agthia Group PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ74 Mil) to Dec. 2022 (د.إ56 Mil) but then increased from Dec. 2022 (د.إ56 Mil) to Dec. 2023 (د.إ75 Mil).

Agthia Group PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Agthia Group 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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Agthia Group PJSC Long-Term Capital Lease Obligation Chart

Agthia Group PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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57.10

53.25

74.11

55.55

75.13

Agthia Group PJSC 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															55.55	50.36	55.72	60.49	75.13

Agthia Group PJSC (ADX:AGTHIA) 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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Agthia Group PJSC (ADX:AGTHIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agthia Group PJSC (ADX:AGTHIA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

17th Floor, Sky Tower, P.O. Box 37725, Al Reem Island, Abu Dhabi, ARE

Website

https://www.agthia.com

Agthia Group PJSC is a food and beverage company that sells its products to customers across the UAE, GCC, Turkey, and the wider Middle East. Its product portfolio is categorized into segments, including flour and animal feed, water and beverages, processed fruits and vegetables, and dairy and frozen baked products. The company operates through two businesses: agribusiness, which manages, manufactures, distributes, and markets Grand Mills flour and Agrivita animal feed products; and consumer business, which operates in the food and beverage sector and provides products including bottled drinking water, juices, sauces, and dairy products.

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