Amwaj International Co (SAU:9537) Long-Term Capital Lease Obligation : ﷼0.7 Mil (As of Dec. 2023)

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What is Amwaj International Co Long-Term Capital Lease Obligation?

Amwaj International Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.7 Mil.

Amwaj International Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼3.3 Mil) to Jun. 2023 (﷼2.6 Mil) and declined from Jun. 2023 (﷼2.6 Mil) to Dec. 2023 (﷼0.7 Mil).

Amwaj International Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼1.4 Mil) to Dec. 2022 (﷼3.3 Mil) but then declined from Dec. 2022 (﷼3.3 Mil) to Dec. 2023 (﷼0.7 Mil).

Amwaj International Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Amwaj International 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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Amwaj International Co Long-Term Capital Lease Obligation Chart

Amwaj International Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.40

3.32

0.74

Amwaj International Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.40	1.04	3.32	2.57	0.74

Amwaj International Co (SAU:9537) 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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Amwaj International Co (SAU:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Amwaj International Co (SAU:9537) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alorouba Street, Alolaya, Riyadh, SAU

Website

https://www.amwaj-trd.com

Amwaj International Co is engaged in the field of selling and distributing electronic and home appliances. Its products include air conditioning; televisions; washing machines; water coolers; heaters and other products.

Amwaj International Co (SAU:9537) Headlines

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