Arabian Internet and Communications Services Co (SAU:7202) Long-Term Capital Lease Obligation : ﷼74 Mil (As of Mar. 2024)

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What is Arabian Internet and Communications Services Co Long-Term Capital Lease Obligation?

Arabian Internet and Communications Services Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼74 Mil.

Arabian Internet and Communications Services Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (﷼19 Mil) to Dec. 2023 (﷼19 Mil) but then increased from Dec. 2023 (﷼19 Mil) to Mar. 2024 (﷼74 Mil).

Arabian Internet and Communications Services Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼31 Mil) to Dec. 2022 (﷼16 Mil) but then increased from Dec. 2022 (﷼16 Mil) to Dec. 2023 (﷼19 Mil).

Arabian Internet and Communications Services Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arabian Internet and Communications Services 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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Arabian Internet and Communications Services Co Long-Term Capital Lease Obligation Chart

Arabian Internet and Communications Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

48.17

31.34

15.85

18.94

Arabian Internet and Communications Services Co 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									11.70	7.42	19.31	18.94	73.71

Arabian Internet and Communications Services Co (SAU:7202) 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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Arabian Internet and Communications Services Co (SAU:7202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Arabian Internet and Communications Services Co (SAU:7202) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Street, P.O. Box 50, Riyadh, SAU, 11372

Website

https://www.solutions.com.sa

Arabian Internet and Communications Services Co is an information and communication company. The company has three segments namely Core ICT Services, IT Managed and Operational Services and Digital Services. It derives majority of the revenue from Core ICT Services.

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