Saudi Kayan Petrochemical Co (SAU:2350) Long-Term Capital Lease Obligation : ﷼254 Mil (As of Mar. 2024)

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What is Saudi Kayan Petrochemical Co Long-Term Capital Lease Obligation?

Saudi Kayan Petrochemical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼254 Mil.

Saudi Kayan Petrochemical Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼255 Mil) to Dec. 2023 (﷼258 Mil) but then declined from Dec. 2023 (﷼258 Mil) to Mar. 2024 (﷼254 Mil).

Saudi Kayan Petrochemical Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼269 Mil) to Dec. 2022 (﷼271 Mil) but then declined from Dec. 2022 (﷼271 Mil) to Dec. 2023 (﷼258 Mil).

Saudi Kayan Petrochemical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Kayan Petrochemical 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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Saudi Kayan Petrochemical Co Long-Term Capital Lease Obligation Chart

Saudi Kayan Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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345.16

318.34

268.65

270.51

258.18

Saudi Kayan Petrochemical Co 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															283.05	257.55	254.72	258.18	254.25

Saudi Kayan Petrochemical Co (SAU:2350) 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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Saudi Kayan Petrochemical Co (SAU:2350) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Kayan Petrochemical Co (SAU:2350) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

P.O. Box 10302, Al Jubail Industrial City, Al-Jubail, SAU, 31961

Website

https://www.saudikayan.com

Saudi Kayan Petrochemical Co is engaged in manufacturing a wide range of petrochemicals products. Its product portfolio consists of polypropylene, propylene, acetone, polyethylene, ethoxylate, ethylene, ethylene glycol, bisphenol, ethanolamine, industrial fatty alcohol, polycarbonate and other petrochemical products.

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