Singapore Post (Singapore Post) Long-Term Capital Lease Obligation : $27 Mil (As of Sep. 2023)

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What is Singapore Post Long-Term Capital Lease Obligation?

Singapore Post's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $27 Mil.

Singapore Post's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($30 Mil) to Mar. 2023 ($35 Mil) but then declined from Mar. 2023 ($35 Mil) to Sep. 2023 ($27 Mil).

Singapore Post's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($45 Mil) to Mar. 2022 ($39 Mil) and declined from Mar. 2022 ($39 Mil) to Mar. 2023 ($35 Mil).

Singapore Post Long-Term Capital Lease Obligation Historical Data

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

Singapore Post Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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47.15

44.84

39.46

35.49

Singapore Post Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.98	39.46	30.47	35.49	26.65

Singapore Post (OTCPK:SPSTY) 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.

Singapore Post Long-Term Capital Lease Obligation Related Terms

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Singapore Post (Singapore Post) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Post Ltd (OTCPK:SPSTY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SPSTF:USA S08:Singapore SGR:Germany

Address

10 Eunos Road 8, Singapore Post Centre, Singapore, SGP, 408600

Website

https://www.singpost.com

Singapore Post Ltd is a Singapore-based provider of mail and parcel delivery services. It operates through three business segments: post and parcel, logistics, and property. The post and parcel operating unit provides delivery services such as collecting, transporting, and distributing mail. The logistics segment provides services such as freight forwarding, warehousing, last-mile delivery, and distribution and fulfillment services. The property segment leases commercial and self-storage properties. SingPost has operations in Singapore and Australia, with the majority of its sales in Singapore. Additionally, the majority of SingPost's revenue is generated from its post and parcel business unit.