Rimon Consulting & Managing Services (XTAE:RMON) Long-Term Capital Lease Obligation : ₪31.0 Mil (As of Dec. 2023)

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What is Rimon Consulting & Managing Services Long-Term Capital Lease Obligation?

Rimon Consulting & Managing Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪31.0 Mil.

Rimon Consulting & Managing Services's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₪3.0 Mil) to Sep. 2023 (₪8.4 Mil) and increased from Sep. 2023 (₪8.4 Mil) to Dec. 2023 (₪31.0 Mil).

Rimon Consulting & Managing Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪2.8 Mil) to Dec. 2022 (₪3.3 Mil) and increased from Dec. 2022 (₪3.3 Mil) to Dec. 2023 (₪31.0 Mil).

Rimon Consulting & Managing Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rimon Consulting & Managing Services'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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Rimon Consulting & Managing Services Long-Term Capital Lease Obligation Chart

Rimon Consulting & Managing Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.01

5.72

2.76

3.32

31.04

Rimon Consulting & Managing Services Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									3.32	2.87	3.00	8.45	31.04

Rimon Consulting & Managing Services (XTAE:RMON) 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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Rimon Consulting & Managing Services (XTAE:RMON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rimon Consulting & Managing Services Ltd (XTAE:RMON) » Definitions » Long-Term Capital Lease Obligation

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Address

11 Bareket Street, Industrial Park, Caesarea, ISR, 3079543

Website

https://www.rimongrp.com

Rimon Consulting & Managing Services Ltd is engaged in the construction and operation of infrastructure, energy, and water projects.

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