Asia Enterprises Holding (SGX:A55) Long-Term Capital Lease Obligation : S$7.93 Mil (As of Dec. 2023)

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What is Asia Enterprises Holding Long-Term Capital Lease Obligation?

Asia Enterprises Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$7.93 Mil.

Asia Enterprises Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$8.45 Mil) to Jun. 2023 (S$8.20 Mil) and declined from Jun. 2023 (S$8.20 Mil) to Dec. 2023 (S$7.93 Mil).

Asia Enterprises Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$8.71 Mil) to Dec. 2022 (S$8.45 Mil) and declined from Dec. 2022 (S$8.45 Mil) to Dec. 2023 (S$7.93 Mil).

Asia Enterprises Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Enterprises Holding'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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Asia Enterprises Holding Long-Term Capital Lease Obligation Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.67

9.20

8.71

8.45

7.93

Asia Enterprises Holding 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															8.71	8.70	8.45	8.20	7.93

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding Long-Term Capital Lease Obligation Related Terms

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Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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