Ghitha Holding PJSC (ADX:GHITHA) Long-Term Capital Lease Obligation : د.إ95 Mil (As of Sep. 2023)

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What is Ghitha Holding PJSC Long-Term Capital Lease Obligation?

Ghitha Holding PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ95 Mil.

Ghitha Holding PJSC's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (د.إ90 Mil) to Jun. 2023 (د.إ94 Mil) and increased from Jun. 2023 (د.إ94 Mil) to Sep. 2023 (د.إ95 Mil).

Ghitha Holding PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (د.إ7 Mil) to Dec. 2021 (د.إ27 Mil) and increased from Dec. 2021 (د.إ27 Mil) to Dec. 2022 (د.إ90 Mil).

Ghitha Holding PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ghitha Holding 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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Ghitha Holding PJSC Long-Term Capital Lease Obligation Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

7.24

7.37

26.89

90.29

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							75.49	74.99	90.29	94.11	95.22

Ghitha Holding PJSC (ADX:GHITHA) 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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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

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