Asia Brands Bhd (XKLS:7722) Long-Term Capital Lease Obligation : RM14.8 Mil (As of Dec. 2023)

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What is Asia Brands Bhd Long-Term Capital Lease Obligation?

Asia Brands Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM14.8 Mil.

Asia Brands Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM10.9 Mil) to Sep. 2023 (RM14.8 Mil) but then declined from Sep. 2023 (RM14.8 Mil) to Dec. 2023 (RM14.8 Mil).

Asia Brands Bhd's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (RM8.3 Mil) to Mar. 2022 (RM6.0 Mil) but then increased from Mar. 2022 (RM6.0 Mil) to Mar. 2023 (RM10.5 Mil).

Asia Brands Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Brands 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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Asia Brands Bhd Long-Term Capital Lease Obligation Chart

Asia Brands Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.21

6.48

8.25

6.01

10.55

Asia Brands 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															10.49	10.55	10.90	14.83	14.76

Asia Brands Bhd (XKLS:7722) 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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Asia Brands Bhd (XKLS:7722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asia Brands Bhd (XKLS:7722) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 10449, Jalan Nenas, Batu 4.5, Kampung Jawa, Klang, SGR, MYS, 41000

Website

http://www.asiabrands.com.my

Asia Brands Bhd is an investment holding company. The company is engaged in the wholesale, retail, and distribution of ready-made casual wear, baby and children wear, lingerie and ladies' wear, and their related accessories. Geographically, it operates and derives revenue from Malaysia. It has two divisions namely Baby Products and Lingerie Products. It earns maximum revenue from Baby Products Division. Its Brands are Anakku, Disney Baby, First Care, Mini Care, and Hello Kitty.

Asia Brands Bhd (XKLS:7722) Headlines

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