Mclean Technologies Bhd (XKLS:0167) Long-Term Capital Lease Obligation : RM0.11 Mil (As of Mar. 2024)

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What is Mclean Technologies Bhd Long-Term Capital Lease Obligation?

Mclean Technologies Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.11 Mil.

Mclean Technologies Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.61 Mil) to Dec. 2023 (RM0.94 Mil) but then declined from Dec. 2023 (RM0.94 Mil) to Mar. 2024 (RM0.11 Mil).

Mclean Technologies Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM6.06 Mil) to Dec. 2022 (RM3.14 Mil) and declined from Dec. 2022 (RM3.14 Mil) to Dec. 2023 (RM0.94 Mil).

Mclean Technologies Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mclean Technologies Bhd'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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Mclean Technologies Bhd Long-Term Capital Lease Obligation Chart

Mclean Technologies Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.64

1.77

6.06

3.14

0.94

Mclean Technologies Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.67	1.17	0.61	0.94	0.11

Mclean Technologies Bhd (XKLS:0167) 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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Mclean Technologies Bhd (XKLS:0167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mclean Technologies Bhd (XKLS:0167) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2 Woodlands Sector 1, No 01-22, Singapore, SGP, 738068

Website

http://www.mclean.com.sg

Mclean Technologies Bhd is an investment holding company. The company, through its subsidiaries, is engaged in the provision of surface finishing of metal parts for electrical and electronic industries, and provision of precision cleaning and cleanroom assembly services, clean bulk packaging services and other related services. It operates in the segment of Surface Treatment and Precision Cleaning; and Other. The surface treatment and precision cleaning segment that drives majority revenue offers surface treatment, precision cleaning, clean bulk pack and related services in the hard disk drive and consumer electronics industries. Geographically, the group operates in Malaysia, Singapore, China and other international countries.

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