Canadian Medical Center Co (SAU:9518) Long-Term Capital Lease Obligation : ﷼3.5 Mil (As of Dec. 2023)

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What is Canadian Medical Center Co Long-Term Capital Lease Obligation?

Canadian Medical Center Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.5 Mil.

Canadian Medical Center Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼4.4 Mil) to Jun. 2023 (﷼4.0 Mil) and declined from Jun. 2023 (﷼4.0 Mil) to Dec. 2023 (﷼3.5 Mil).

Canadian Medical Center Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼4.3 Mil) to Dec. 2022 (﷼4.4 Mil) but then declined from Dec. 2022 (﷼4.4 Mil) to Dec. 2023 (﷼3.5 Mil).

Canadian Medical Center Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canadian Medical Center 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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Canadian Medical Center Co Long-Term Capital Lease Obligation Chart

Canadian Medical Center Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

4.96

4.35

4.38

3.51

Canadian Medical Center Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			4.35	3.98	4.38	3.99	3.51

Canadian Medical Center Co (SAU:9518) 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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Canadian Medical Center Co (SAU:9518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Canadian Medical Center Co (SAU:9518) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khobar - Abqaiq, Dammam, SAU

Website

https://sa.canadian-mc.com

Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

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