More Provident Funds And Pension (XTAE:MPP) Long-Term Capital Lease Obligation : ₪5.0 Mil (As of Dec. 2023)

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What is More Provident Funds And Pension Long-Term Capital Lease Obligation?

More Provident Funds And Pension's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪5.0 Mil.

More Provident Funds And Pension's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₪5.3 Mil) to Sep. 2023 (₪5.2 Mil) and declined from Sep. 2023 (₪5.2 Mil) to Dec. 2023 (₪5.0 Mil).

More Provident Funds And Pension's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪6.3 Mil) to Dec. 2022 (₪5.1 Mil) and declined from Dec. 2022 (₪5.1 Mil) to Dec. 2023 (₪5.0 Mil).

More Provident Funds And Pension Long-Term Capital Lease Obligation Historical Data

The historical data trend for More Provident Funds And Pension'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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More Provident Funds And Pension Long-Term Capital Lease Obligation Chart

More Provident Funds And Pension Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.55

1.96

6.32

5.08

5.04

More Provident Funds And Pension Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												5.08	5.62	5.30	5.17	5.04

More Provident Funds And Pension (XTAE:MPP) 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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More Provident Funds And Pension (XTAE:MPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » More Provident Funds And Pension Ltd (XTAE:MPP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Ben Gurion Road 2, PO Box: 514956465, Ramat Gan, ISR, 5257334

Website

https://www.moreinvest.co.il

More Provident Funds And Pension Ltd, formerly More Provident Funds Ltd offers variety of long-term savings routes at different risk levels. The company offers provident funds, study funds and investment provident funds.

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