Evergreen Max Cash Capital Bhd (XKLS:0286) Long-Term Capital Lease Obligation : RM16.74 Mil (As of Mar. 2024)

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What is Evergreen Max Cash Capital Bhd Long-Term Capital Lease Obligation?

Evergreen Max Cash Capital Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM16.74 Mil.

Evergreen Max Cash Capital Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM12.09 Mil) to Dec. 2023 (RM13.62 Mil) and increased from Dec. 2023 (RM13.62 Mil) to Mar. 2024 (RM16.74 Mil).

Evergreen Max Cash Capital Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM13.90 Mil) to Dec. 2022 (RM12.93 Mil) but then increased from Dec. 2022 (RM12.93 Mil) to Dec. 2023 (RM13.62 Mil).

Evergreen Max Cash Capital Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evergreen Max Cash Capital 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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Evergreen Max Cash Capital Bhd Long-Term Capital Lease Obligation Chart

Evergreen Max Cash Capital Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

15.90

16.35

13.90

12.93

13.62

Evergreen Max Cash Capital Bhd Quarterly Data
	Dec19	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				12.93	-	12.09	13.62	16.74

Evergreen Max Cash Capital Bhd (XKLS:0286) 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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Evergreen Max Cash Capital Bhd (XKLS:0286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Evergreen Max Cash Capital Bhd (XKLS:0286) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Lima Off, Jalan Chan Sow Lin, Lot 11-10, Level 11, Wisma Trax, Wilayah Persekutuan, Kuala Lumpur, MYS, 55200

Website

https://www.emc.capital

Evergreen Max Cash Capital Bhd is an investment holding company that operates through its subsidiaries. The Group is principally involved in the provision of pawnbroking services. It is also involved in the business of retail and trading of gold and other products as well as provision of pawnbroking consultancy services and IT solutions to third-party pawnbrokers.

Evergreen Max Cash Capital Bhd (XKLS:0286) Headlines

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