Academy of Learning Co (SAU:9541) Long-Term Capital Lease Obligation : ﷼31.11 Mil (As of Jun. 2023)

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What is Academy of Learning Co Long-Term Capital Lease Obligation?

Academy of Learning Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼31.11 Mil.

Academy of Learning Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (﷼0.00 Mil) to Dec. 2022 (﷼4.64 Mil) and increased from Dec. 2022 (﷼4.64 Mil) to Jun. 2023 (﷼31.11 Mil).

Academy of Learning Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.00 Mil) to Dec. 2021 (﷼2.79 Mil) and increased from Dec. 2021 (﷼2.79 Mil) to Dec. 2022 (﷼4.64 Mil).

Academy of Learning Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Academy of Learning 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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Academy of Learning Co Long-Term Capital Lease Obligation Chart

Academy of Learning Co Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

2.79

4.64

Academy of Learning Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	2.79	-	4.64	31.11

Academy of Learning Co (SAU:9541) 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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Academy of Learning Co (SAU:9541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academy of Learning Co (SAU:9541) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabian Gulf Road, Ash Shati Ash Sharqi, Dammam, SAU, 32414

Website

https://www.aol.edu.sa

Academy of Learning Co works in the education and training sector in the Kingdom of Saudi Arabia through education and training institutes in various regions. The company prepares its students to join the job market and equips them with the necessary practical experience through different accredited diploma programs. The activity of the company is wholesale of computers and their accessories, including (selling printers and their inks), administrative training institutes. It provides educational services and has one sector, which is the educational activity. The company operates in the Kingdom of Saudi Arabia and has no geographical sector.

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