Almunajem Foods (SAU:4162) Long-Term Capital Lease Obligation : ﷼33 Mil (As of Mar. 2024)

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What is Almunajem Foods Long-Term Capital Lease Obligation?

Almunajem Foods's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼33 Mil.

Almunajem Foods's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼35 Mil) to Dec. 2023 (﷼37 Mil) but then declined from Dec. 2023 (﷼37 Mil) to Mar. 2024 (﷼33 Mil).

Almunajem Foods's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼43 Mil) to Dec. 2022 (﷼41 Mil) and declined from Dec. 2022 (﷼41 Mil) to Dec. 2023 (﷼37 Mil).

Almunajem Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Almunajem Foods'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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Almunajem Foods Long-Term Capital Lease Obligation Chart

Almunajem Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

41.94

43.13

40.75

37.02

Almunajem Foods Quarterly Data
	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									35.01	35.94	34.85	37.02	33.35

Almunajem Foods (SAU:4162) 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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Almunajem Foods (SAU:4162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Almunajem Foods (SAU:4162) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

7510 Takhassusi Street, P O Box 1544, North Mathar, Riyadh, SAU, 11441

Website

https://www.almunajemfoods.com

Almunajem Foods is a food company which is engaged in the importation, marketing, and distribution of frozen, chilled, and dry foodstuff. It serves over 18,000 customer outlets including retail, food services, and wholesale channels.

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