Lorenzo International (SGX:5IE) Long-Term Capital Lease Obligation : S$0.00 Mil (As of Dec. 2023)

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What is Lorenzo International Long-Term Capital Lease Obligation?

Lorenzo International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.00 Mil.

Lorenzo International's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2018 (S$0.00 Mil) to Mar. 2019 (S$0.00 Mil) but then increased from Mar. 2019 (S$0.00 Mil) to Mar. 2020 (S$2.25 Mil).

Lorenzo International Long-Term Capital Lease Obligation Historical Data

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

Lorenzo International Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.35

2.25

Lorenzo International Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Lorenzo International (SGX:5IE) 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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Lorenzo International (SGX:5IE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lorenzo International Ltd (SGX:5IE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

106 International Road, No. 02-00, Singapore, SGP, 629175

Website

https://www.lorenzo-international.com

Lorenzo International Ltd is a branded lifestyle furniture retailer. The company sells its products under the Lorenzo brand name grouped under two main collections - Dante for classic leather sofas and Enzo for wood-based products. The group is organized into the following reportable operating segments: Furniture, and Building Materials. The company distributes its products across Singapore, Malaysia, Taiwan, China, and other regions. The company generates maximum revenue from Malaysia followed by Taiwan and Singapore.

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