Tai Sin Electric (SGX:500) Long-Term Capital Lease Obligation : S$10.5 Mil (As of Dec. 2023)

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What is Tai Sin Electric Long-Term Capital Lease Obligation?

Tai Sin Electric's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$10.5 Mil.

Tai Sin Electric's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$11.1 Mil) to Jun. 2023 (S$11.0 Mil) and declined from Jun. 2023 (S$11.0 Mil) to Dec. 2023 (S$10.5 Mil).

Tai Sin Electric's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (S$10.8 Mil) to Jun. 2022 (S$10.8 Mil) and increased from Jun. 2022 (S$10.8 Mil) to Jun. 2023 (S$11.0 Mil).

Tai Sin Electric Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tai Sin Electric'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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Tai Sin Electric Long-Term Capital Lease Obligation Chart

Tai Sin Electric Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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9.61

10.76

10.85

10.99

Tai Sin Electric 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															10.84	10.85	11.08	10.99	10.51

Tai Sin Electric (SGX:500) 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.

Tai Sin Electric Long-Term Capital Lease Obligation Related Terms

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Tai Sin Electric (SGX:500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tai Sin Electric Ltd (SGX:500) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

24 Gul Crescent, Jurong Town, Singapore, SGP, 629531

Website

http://www.taisinelectric.com

Tai Sin Electric Ltd is engaged in the manufacturing and distribution of cable and wire products. The company's business segments are Cable and Wire, Electrical Material Distribution, Switchboard and Test and Inspection, with maximum revenue from the Cable and wire segment. The products of the company include fire-resistant cables, molded circuit breakers, safety sensors and personal protection equipment.

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