Volcano Bhd (XKLS:0232) Long-Term Capital Lease Obligation : RM0.00 Mil (As of Mar. 2024)

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What is Volcano Bhd Long-Term Capital Lease Obligation?

Volcano Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.00 Mil.

Volcano Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.02 Mil) to Dec. 2023 (RM0.08 Mil) but then declined from Dec. 2023 (RM0.08 Mil) to Mar. 2024 (RM0.00 Mil).

Volcano Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Volcano 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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Volcano Bhd Long-Term Capital Lease Obligation Chart

Volcano Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

Volcano Bhd Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.64	-	0.02	0.08	-

Volcano Bhd (XKLS:0232) 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.

Volcano Bhd Long-Term Capital Lease Obligation Related Terms

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Volcano Bhd (XKLS:0232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Volcano Bhd (XKLS:0232) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1411 Jalan Perusahaan Kawasan, Perusahaan Perai 1, Butterworth, Perai, PNG, MYS, 13600

Website

https://www.volcano.com.my

Volcano Bhd is a manufacturer of parts and components including metal and non-metal nameplates and plastic injection moulded parts. Geographically the company's manufacturing facilities is located in Malaysia and Thailand to serve multinational customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace and label industries. The company operates in Malaysia, Singapore, Thailand, Indonesia, China, USA and other countries. It earns majority of its revenue from Thailand.

Volcano Bhd (XKLS:0232) Headlines

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