LHN Logistics (SGX:GIH) Long-Term Capital Lease Obligation : S$5.00 Mil (As of Mar. 2023)

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What is LHN Logistics Long-Term Capital Lease Obligation?

LHN Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was S$5.00 Mil.

LHN Logistics's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (S$0.00 Mil) to Sep. 2022 (S$5.46 Mil) but then declined from Sep. 2022 (S$5.46 Mil) to Mar. 2023 (S$5.00 Mil).

LHN Logistics's annual Long-Term Capital Lease Obligation declined from Sep. 2020 (S$7.23 Mil) to Sep. 2021 (S$6.46 Mil) and declined from Sep. 2021 (S$6.46 Mil) to Sep. 2022 (S$5.46 Mil).

LHN Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for LHN Logistics'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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LHN Logistics Long-Term Capital Lease Obligation Chart

LHN Logistics Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

4.91

7.23

6.46

5.46

LHN Logistics Semi-Annual Data
	Sep19	Sep20	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			7.23	6.46	-	5.46	5.00

LHN Logistics (SGX:GIH) 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.

LHN Logistics Long-Term Capital Lease Obligation Related Terms

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LHN Logistics (SGX:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LHN Logistics Ltd (SGX:GIH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10 Raeburn Park No. 02-15B, Singapore, SGP, 088702

Website

https://www.lhnlogistics.com

LHN Logistics Ltd is a logistics services group with two principal business segments, namely, transportation and container depot services. Geographically it derives a majority of its revenue from Singapore.

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