Rex International Holding (STU:RXI) Long-Term Capital Lease Obligation : €0.6 Mil (As of Dec. 2023)

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What is Rex International Holding Long-Term Capital Lease Obligation?

Rex International Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.6 Mil.

Rex International Holding's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€0.6 Mil) to Jun. 2023 (€1.1 Mil) but then declined from Jun. 2023 (€1.1 Mil) to Dec. 2023 (€0.6 Mil).

Rex International Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.1 Mil) to Dec. 2022 (€0.6 Mil) but then declined from Dec. 2022 (€0.6 Mil) to Dec. 2023 (€0.6 Mil).

Rex International Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rex International 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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Rex International Holding Long-Term Capital Lease Obligation Chart

Rex International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.80

0.47

0.13

0.60

0.57

Rex International 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															0.13	0.04	0.60	1.06	0.57

Rex International Holding (STU:RXI) 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.

Rex International Holding Long-Term Capital Lease Obligation Related Terms

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Rex International Holding (STU:RXI) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rex International Holding Ltd (STU:RXI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

REXHF:USA 5WH:Singapore

Address

1 George Street No. 14-01, Singapore, SGP, 049145

Website

https://www.rexih.com

Rex International Holding Ltd is a Singapore-based oil exploration and production company. It operates through three business segments namely Oil and Gas, Non-Oil and Gas, and Corporate. The Oil and Gas segment is involved in oil and gas exploration and production with concessions located in Oman, and Norway. The Non-Oil and Gas segment relates to technology for commercial oil well stimulation. The Corporate segment covers the administration functions of the company. The majority of the company's revenue comes from the Oil and Gas segment.