Hock Lian Seng Holdings (SGX:J2T) Long-Term Capital Lease Obligation : S$0.1 Mil (As of Dec. 2023)

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What is Hock Lian Seng Holdings Long-Term Capital Lease Obligation?

Hock Lian Seng Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.1 Mil.

Hock Lian Seng Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.0 Mil) to Jun. 2023 (S$0.1 Mil) but then declined from Jun. 2023 (S$0.1 Mil) to Dec. 2023 (S$0.1 Mil).

Hock Lian Seng Holdings's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (S$0.0 Mil) to Dec. 2022 (S$0.0 Mil) but then increased from Dec. 2022 (S$0.0 Mil) to Dec. 2023 (S$0.1 Mil).

Hock Lian Seng Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hock Lian Seng 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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Hock Lian Seng Holdings Long-Term Capital Lease Obligation Chart

Hock Lian Seng Holdings Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.07

Hock Lian Seng 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															-	-	-	0.08	0.07

Hock Lian Seng Holdings (SGX:J2T) 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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Hock Lian Seng Holdings (SGX:J2T) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hock Lian Seng Holdings Ltd (SGX:J2T) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

80 Marine Parade Road, No. 16-08 Parkway Parade, Singapore, SGP, 449269

Website

https://www.hlsgroup.com.sg

Hock Lian Seng Holdings Ltd is a Singapore-based civil engineering group. It is engaged in undertaking a wide range of civil engineering projects for both the public and private sectors in Singapore. The firm's customers include government and government-related bodies of Singapore, such as the land transport authority, housing development board, PSA Singapore terminals, public utility board, and civil aviation authority. It is also engaged in property development and property investment businesses. The operating segments of the group are Civil engineering, Property development, and Properties investment, of which the majority of its revenue comes from the Civil engineering segment. The group services all of its revenue from Singapore.

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