Hup Seng Industries Bhd (XKLS:5024) Long-Term Capital Lease Obligation : RM0.1 Mil (As of Mar. 2024)

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What is Hup Seng Industries Bhd Long-Term Capital Lease Obligation?

Hup Seng Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.1 Mil.

Hup Seng Industries Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM0.1 Mil) to Dec. 2023 (RM0.1 Mil) but then increased from Dec. 2023 (RM0.1 Mil) to Mar. 2024 (RM0.1 Mil).

Hup Seng Industries Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.3 Mil) to Dec. 2022 (RM0.2 Mil) and declined from Dec. 2022 (RM0.2 Mil) to Dec. 2023 (RM0.1 Mil).

Hup Seng Industries Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hup Seng Industries 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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Hup Seng Industries Bhd Long-Term Capital Lease Obligation Chart

Hup Seng Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

0.33

0.19

0.06

Hup Seng Industries 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															0.15	0.11	0.07	0.06	0.08

Hup Seng Industries Bhd (XKLS:5024) 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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Hup Seng Industries Bhd (XKLS:5024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hup Seng Industries Bhd (XKLS:5024) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Jalan Kilang, Kawasan Perindustrian, Batu Pahat, Tongkang Pecah, JHR, MYS, 83010

Website

https://www.hsib.com.my

Hup Seng Industries Bhd is engaged in the business of manufacturing biscuits. Principally, it is involved in the production and sale of biscuits and confectionery food items as well as beverages. The company operates through three segments. It's Biscuit manufacturing segment manufacture and sells biscuits. The Beverage segment consists of wholesale of coffee mix and all kinds of foodstuff. It's Trading division segment markets and distributes biscuits, confectionery, and other foodstuffs. The company offers special cream crackers, cookies, cream sandwich biscuits, peanut butter sandwich, and many more.

Hup Seng Industries Bhd (XKLS:5024) Headlines

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