Mida Leasing PCL (BKK:ML-R) Long-Term Capital Lease Obligation : ฿3.2 Mil (As of Dec. 2023)

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What is Mida Leasing PCL Long-Term Capital Lease Obligation?

Mida Leasing PCL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿3.2 Mil.

Mida Leasing PCL's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (฿3.8 Mil) to Sep. 2023 (฿3.4 Mil) and declined from Sep. 2023 (฿3.4 Mil) to Dec. 2023 (฿3.2 Mil).

Mida Leasing PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿1.8 Mil) to Dec. 2022 (฿3.2 Mil) but then declined from Dec. 2022 (฿3.2 Mil) to Dec. 2023 (฿3.2 Mil).

Mida Leasing PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mida Leasing PCL'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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Mida Leasing PCL Long-Term Capital Lease Obligation Chart

Mida Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.90

1.79

3.19

3.16

Mida Leasing PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															3.19	3.58	3.75	3.42	3.16

Mida Leasing PCL (BKK:ML-R) 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.

Mida Leasing PCL Long-Term Capital Lease Obligation Related Terms

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Mida Leasing PCL (BKK:ML-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Leasing PCL (BKK:ML-R) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ML:Thailand

Address

48/1-5, Soi Chaengwattana 14, Chaengwattana Road, Thungsonghong, Lak si, Bangkok, THA, 10210

Website

https://www.mida-leasing.com

Mida Leasing PCL is principally engaged in providing financial services for used cars hire-purchasing and management of non-performing assets. The company operates its business in three segments namely Hire purchase financing for used cars, Other financial services, and Non-performing receivable management business. It also expanded its range of loans, including new hire-purchase loans, hire-purchase of taxis, working capital loans. The company's major businesses are carried in Thailand.

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