Poh Huat Resources Holdings Bhd (XKLS:7088) Long-Term Capital Lease Obligation : RM17.8 Mil (As of Jan. 2024)

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What is Poh Huat Resources Holdings Bhd Long-Term Capital Lease Obligation?

Poh Huat Resources Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM17.8 Mil.

Poh Huat Resources Holdings Bhd's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (RM17.4 Mil) to Oct. 2023 (RM16.9 Mil) but then increased from Oct. 2023 (RM16.9 Mil) to Jan. 2024 (RM17.8 Mil).

Poh Huat Resources Holdings Bhd's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (RM16.7 Mil) to Oct. 2022 (RM17.5 Mil) but then declined from Oct. 2022 (RM17.5 Mil) to Oct. 2023 (RM16.9 Mil).

Poh Huat Resources Holdings Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poh Huat Resources Holdings 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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Poh Huat Resources Holdings Bhd Long-Term Capital Lease Obligation Chart

Poh Huat Resources Holdings Bhd Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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0.12

12.96

16.68

17.52

16.91

Poh Huat Resources Holdings Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.83	17.52	17.37	16.91	17.84

Poh Huat Resources Holdings Bhd (XKLS:7088) 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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Poh Huat Resources Holdings Bhd (XKLS:7088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Poh Huat Resources Holdings Bhd (XKLS:7088) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 1, Jalan Raja, Kawasan Perindustrial Bukit Pasir, Mukim Sungai Raya, Bukit Pasir, Muar, JHR, MYS, 84300

Website

http://www.pohhuat.com

Poh Huat Resources Holdings Bhd is a Malaysia-based investment holding company. The company is engaged in the manufacturing of furniture. It manufactures two types of furniture: office furniture and home furniture. The company under Home furniture segment acts as an original equipment manufacturer for furniture importers/distributors in North America. The office furniture segment comprises mainly the panel-based office suites of various ranges which are manufactured from laminated particle boards and metal parts. The company has a geographical presence in Vietnam and Malaysia.

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