Al-Rajhi Co For Cooperative Insurance (SAU:8230) Long-Term Capital Lease Obligation : ﷼39 Mil (As of Mar. 2024)

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What is Al-Rajhi Co For Cooperative Insurance Long-Term Capital Lease Obligation?

Al-Rajhi Co For Cooperative Insurance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼39 Mil.

Al-Rajhi Co For Cooperative Insurance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (﷼42 Mil) to Dec. 2023 (﷼36 Mil) but then increased from Dec. 2023 (﷼36 Mil) to Mar. 2024 (﷼39 Mil).

Al-Rajhi Co For Cooperative Insurance's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼47 Mil) to Dec. 2022 (﷼42 Mil) and declined from Dec. 2022 (﷼42 Mil) to Dec. 2023 (﷼36 Mil).

Al-Rajhi Co For Cooperative Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al-Rajhi Co For Cooperative Insurance'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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Al-Rajhi Co For Cooperative Insurance Long-Term Capital Lease Obligation Chart

Al-Rajhi Co For Cooperative Insurance Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.98

42.71

46.86

42.34

35.68

Al-Rajhi Co For Cooperative Insurance 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															43.31	41.73	41.60	35.68	39.48

Al-Rajhi Co For Cooperative Insurance (SAU:8230) 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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Al-Rajhi Co For Cooperative Insurance (SAU:8230) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Rajhi Co For Cooperative Insurance (SAU:8230) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3485-Ath Thummamah road, P.O.Box 67791, Al Rabie District, Riyadh, SAU, 11517

Website

https://www.alrajhitakaful.com

Al-Rajhi Co For Cooperative Insurance is engaged in the provision of cooperative insurance and reinsurance services. The purpose of the company is to conduct cooperative insurance operations and all related activities including re-takaful and agency activities. Its operating segments include Medical; Motor; Property and Casualty; and Protection and Savings.

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