Emirates Integrated Telecommunications Co PJSC (DFM:DU) Long-Term Capital Lease Obligation : د.إ1,365 Mil (As of Mar. 2024)

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What is Emirates Integrated Telecommunications Co PJSC Long-Term Capital Lease Obligation?

Emirates Integrated Telecommunications Co PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ1,365 Mil.

Emirates Integrated Telecommunications Co PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (د.إ1,499 Mil) to Dec. 2023 (د.إ1,455 Mil) and declined from Dec. 2023 (د.إ1,455 Mil) to Mar. 2024 (د.إ1,365 Mil).

Emirates Integrated Telecommunications Co PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ1,553 Mil) to Dec. 2022 (د.إ1,321 Mil) but then increased from Dec. 2022 (د.إ1,321 Mil) to Dec. 2023 (د.إ1,455 Mil).

Emirates Integrated Telecommunications Co PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emirates Integrated Telecommunications 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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Emirates Integrated Telecommunications Co PJSC Long-Term Capital Lease Obligation Chart

Emirates Integrated Telecommunications Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,396.80

1,691.73

1,553.48

1,321.26

1,455.37

Emirates Integrated Telecommunications Co PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															1,270.06	1,545.43	1,499.09	1,455.37	1,365.32

Emirates Integrated Telecommunications Co PJSC (DFM:DU) 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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Emirates Integrated Telecommunications Co PJSC (DFM:DU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Integrated Telecommunications Co PJSC (DFM:DU) » Definitions » Long-Term Capital Lease Obligation

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Address

Al Salam Tower, Dubai Media City, P.O. Box 502666, Dubai, ARE

Website

http://www.du.ae

Emirates Integrated Telecommunications Co PJSC is a telecommunication service provider. The company provides telecommunications and entertainment services to customers in the UAE. It is organized into four business segments: Mobile, Fixed, Wholesale, and Others Segment. Mobile Segment, which derives the company's revenue, offers mobility services to the enterprise and consumer market; the Fixed Segment provides wireline services; Wholesale Segment provides voice and data services to national and international carriers and operators, and Others include broadcasting services, international roaming, site sharing, etc.

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