Future Care Trading Co (SAU:9544) Long-Term Capital Lease Obligation : ﷼1.58 Mil (As of Jun. 2023)

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What is Future Care Trading Co Long-Term Capital Lease Obligation?

Future Care Trading Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼1.58 Mil.

Future Care Trading Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (﷼0.00 Mil) to Dec. 2022 (﷼2.07 Mil) but then declined from Dec. 2022 (﷼2.07 Mil) to Jun. 2023 (﷼1.58 Mil).

Future Care Trading Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.00 Mil) to Dec. 2022 (﷼2.07 Mil) but then declined from Dec. 2022 (﷼2.07 Mil) to Dec. 2023 (﷼1.74 Mil).

Future Care Trading Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Future Care Trading 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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Future Care Trading Co Long-Term Capital Lease Obligation Chart

Future Care Trading Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

2.07

1.74

Future Care Trading Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	2.07	1.58	1.74

Future Care Trading Co (SAU:9544) 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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Future Care Trading Co (SAU:9544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Future Care Trading Co (SAU:9544) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ahmed Aqilan Street, P.O 6454, Al-Khalidiya District, Jeddah, SAU, 23421

Website

https://www.fc.med.sa

Future Care Trading Co offers home healthcare facilities in the Kingdom of Saudi Arabia, which includes a distinguished group of Healthcare Personnel. Its services comprise Doctor Visits, Nursing Services, Nursing Aid, Physiotherapy, Laboratory Services, Nutrition Services, and Social Services.

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