Al Rashid Industrial Co (SAU:9580) Long-Term Capital Lease Obligation : ﷼1.8 Mil (As of Dec. 2022)

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What is Al Rashid Industrial Co Long-Term Capital Lease Obligation?

Al Rashid Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼1.8 Mil.

Al Rashid Industrial Co's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (﷼0.0 Mil) to . 20 (﷼0.0 Mil) but then increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼1.8 Mil).

Al Rashid Industrial Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼1.8 Mil) but then declined from Dec. 2022 (﷼1.8 Mil) to Dec. 2023 (﷼1.2 Mil).

Al Rashid Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Rashid Industrial 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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Al Rashid Industrial Co Long-Term Capital Lease Obligation Chart

Al Rashid Industrial Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

1.79

1.16

Al Rashid Industrial Co Quarterly Data
	Dec22	Dec23
Long-Term Capital Lease Obligation	1.79	1.16

Al Rashid Industrial Co (SAU:9580) 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 Rashid Industrial Co (SAU:9580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial City, 7960, Riyadh, SAU, 143322

Website

https://www.lastmade.com

Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

Al Rashid Industrial Co (SAU:9580) Headlines

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