Mencast Holdings (SGX:5NF) Long-Term Capital Lease Obligation : S$13.37 Mil (As of Dec. 2023)

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What is Mencast Holdings Long-Term Capital Lease Obligation?

Mencast Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$13.37 Mil.

Mencast Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$13.93 Mil) to Jun. 2023 (S$0.00 Mil) but then increased from Jun. 2023 (S$0.00 Mil) to Dec. 2023 (S$13.37 Mil).

Mencast Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$14.95 Mil) to Dec. 2022 (S$13.93 Mil) and declined from Dec. 2022 (S$13.93 Mil) to Dec. 2023 (S$13.37 Mil).

Mencast Holdings Long-Term Capital Lease Obligation Historical Data

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

Mencast Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.81

15.84

14.95

13.93

13.37

Mencast Holdings 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															14.95	-	13.93	-	13.37

Mencast Holdings (SGX:5NF) 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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Mencast Holdings (SGX:5NF) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mencast Holdings Ltd (SGX:5NF) » Definitions » Long-Term Capital Lease Obligation

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Address

42E Penjuru Road, Mencast Central, Singapore, SGP, 609161

Website

https://www.mencast.com.sg

Mencast Holdings Ltd along with its subsidiaries is a regional Engineering and Maintenance, Repair and Overhaul solutions provider. It consists of three segments namely the Offshore and Engineering Segment which includes engineering, manufacturing, inspection and maintenance, Marine Segment which is engaged in sterngear manufacturing and refurbishment works, repair and maintenance services, ship inspection engineering and fabrication works and Energy Services Segment which includes oil sludge and slop reclamation, hydro cleaning oil and gas tanks, launch carbon footprint management initiatives and green initiatives. The company's maximum revenue is from the Marine Segment Followed by Offshore Engineering. Geographically, it gets a major share of the revenue from Singapore.

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