Venture (Venture) Long-Term Capital Lease Obligation : $14 Mil (As of Dec. 2023)

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What is Venture Long-Term Capital Lease Obligation?

Venture's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14 Mil.

Venture's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($10 Mil) to Jun. 2023 ($7 Mil) but then increased from Jun. 2023 ($7 Mil) to Dec. 2023 ($14 Mil).

Venture's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4 Mil) to Dec. 2022 ($10 Mil) and increased from Dec. 2022 ($10 Mil) to Dec. 2023 ($14 Mil).

Venture Long-Term Capital Lease Obligation Historical Data

The historical data trend for Venture'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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Venture Long-Term Capital Lease Obligation Chart

Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.77

8.14

3.52

9.98

13.92

Venture Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.52	3.17	9.98	7.15	13.92

Venture (OTCPK:VEMLY) 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.

Venture Long-Term Capital Lease Obligation Related Terms

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Venture (Venture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Venture Corp Ltd (OTCPK:VEMLY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VEMLF:USA V03:Singapore VEM:Germany

Address

5006 Ang Mo Kio Avenue 5, No. 05-01/12 TECHplace II, Singapore, SGP, 569873

Website

https://www.venture.com.sg

Venture Corp Ltd is a Singapore-based company that provides technology services, products and solutions. It offers solutions such as supply chain management, product refurbishment, and technical support, product and process engineering and others. The company's reportable segments are Advanced Manufacturing and Design Solutions, and Technology Products and Design Solutions. It generates a majority of its revenue from the Advanced Manufacturing and Design Solutions segment. Geographically, the company generates a majority of its revenue from Asia excluding Singapore.

Venture (Venture) Headlines

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Roger Edgley Comments on Venture Corp. Ltd.

By Holly LaFon Holly LaFon • 12-07-2017