Avarga (SGX:U09) Long-Term Capital Lease Obligation : S$90 Mil (As of Dec. 2023)

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What is Avarga Long-Term Capital Lease Obligation?

Avarga's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$90 Mil.

Avarga's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$91 Mil) to Jun. 2023 (S$94 Mil) but then declined from Jun. 2023 (S$94 Mil) to Dec. 2023 (S$90 Mil).

Avarga's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$100 Mil) to Dec. 2022 (S$91 Mil) and declined from Dec. 2022 (S$91 Mil) to Dec. 2023 (S$90 Mil).

Avarga Long-Term Capital Lease Obligation Historical Data

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

Avarga Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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95.23

94.78

100.01

91.42

89.58

Avarga 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															100.01	100.76	91.42	93.84	89.58

Avarga (SGX:U09) 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.

Avarga Long-Term Capital Lease Obligation Related Terms

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Avarga (SGX:U09) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Avarga Ltd (SGX:U09) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

1 Kim Seng Promenade, No. 13-10 Great World City West Lobby, Singapore, SGP, 237994

Website

https://www.avarga.com.sg

Avarga Ltd is an investment holding company. It provides trading of paper products. It has four reportable operating segments The Paper Mill division manufactures and sells industrial-grade paper products, collect and trades in waste paper products, the Power division operates a 50 MW gas-fired generating plant in Ywama, Myanmar, the Wholesale distribution segment of building products in Canada, United States and overseas and Others which included investment and corporate segment focus on identifying new investment opportunities locally and overseas. It derives revenues from the Wholesale distribution segment. It operates geographically in Singapore, Canada, the United States, Malaysia, and others. The majority of the revenue comes from Canada.

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