Keck Seng (Malaysia) Bhd (XKLS:3476) Long-Term Capital Lease Obligation : RM1 Mil (As of Dec. 2023)

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What is Keck Seng (Malaysia) Bhd Long-Term Capital Lease Obligation?

Keck Seng (Malaysia) Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1 Mil.

Keck Seng (Malaysia) Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM2 Mil) to Sep. 2023 (RM2 Mil) and declined from Sep. 2023 (RM2 Mil) to Dec. 2023 (RM1 Mil).

Keck Seng (Malaysia) Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM3 Mil) to Dec. 2022 (RM3 Mil) and declined from Dec. 2022 (RM3 Mil) to Dec. 2023 (RM1 Mil).

Keck Seng (Malaysia) Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Keck Seng (Malaysia) 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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Keck Seng (Malaysia) Bhd Long-Term Capital Lease Obligation Chart

Keck Seng (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.35

2.54

1.50

Keck Seng (Malaysia) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.54	2.27	2.15	1.81	1.50

Keck Seng (Malaysia) Bhd (XKLS:3476) 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.

Keck Seng (Malaysia) Bhd Long-Term Capital Lease Obligation Related Terms

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Keck Seng (Malaysia) Bhd (XKLS:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Keck Seng (Malaysia) Bhd (XKLS:3476) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

13th Floor, City Plaza, Suite 1301, Johor Bahru, JHR, MYS, 80300

Website

https://www.my.keckseng.com

Keck Seng (Malaysia) Bhd is a Malaysia based company engaged in the business of palm oil cultivation and manufacturing. In addition, it is also involved in the business activities of property development and investment, and hotels and resorts ownership. The operating segments of the company are Manufacturing, Hotels and resort, Property, and Plantations. It generates the majority of the revenue from the Manufacturing segment which relates to the processing and marketing of refined palm oil products. The group's operations are carried out principally in Malaysia, Singapore, Hong Kong, Canada, and the United States of America of which key revenue is derived from Malaysia.

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