Quality Concrete Holdings Bhd (XKLS:7544) Long-Term Capital Lease Obligation : RM0.0 Mil (As of Oct. 2023)

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What is Quality Concrete Holdings Bhd Long-Term Capital Lease Obligation?

Quality Concrete Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was RM0.0 Mil.

Quality Concrete Holdings Bhd's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (RM3.0 Mil) to Jan. 2022 (RM10.5 Mil) but then declined from Jan. 2022 (RM10.5 Mil) to Jan. 2023 (RM7.7 Mil).

Quality Concrete Holdings Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quality Concrete 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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Quality Concrete Holdings Bhd Long-Term Capital Lease Obligation Chart

Quality Concrete Holdings Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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2.30

3.31

2.99

10.50

7.72

Quality Concrete Holdings Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	7.72	-	-	-

Quality Concrete Holdings Bhd (XKLS:7544) 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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Quality Concrete Holdings Bhd (XKLS:7544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quality Concrete Holdings Bhd (XKLS:7544) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tunku Abdul Rahman, Room 209, 2nd Floor, Wisma Bukit Mata Kuching, Kuching, SWK, MYS, 93100

Website

https://www.qchb.com.my

Quality Concrete Holdings Bhd is engaged in the manufacturing of concrete. The company's segment includes Property development, construction and road maintenance, Manufacturing, Trading, Quarry operations, and Investment and management services. It generates maximum revenue from the Property development, construction and road maintenance segment.

Quality Concrete Holdings Bhd (XKLS:7544) Headlines

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