Fitters Diversified Bhd (XKLS:9318) Long-Term Capital Lease Obligation : RM1.2 Mil (As of Dec. 2023)

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What is Fitters Diversified Bhd Long-Term Capital Lease Obligation?

Fitters Diversified Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.2 Mil.

Fitters Diversified Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM0.5 Mil) to Sep. 2023 (RM0.9 Mil) and increased from Sep. 2023 (RM0.9 Mil) to Dec. 2023 (RM1.2 Mil).

Fitters Diversified Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (RM1.3 Mil) to Dec. 2020 (RM0.6 Mil) but then increased from Dec. 2020 (RM0.6 Mil) to Mar. 2023 (RM0.7 Mil).

Fitters Diversified Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fitters Diversified 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.

* Premium members only.

Fitters Diversified Bhd Long-Term Capital Lease Obligation Chart

Fitters Diversified Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Mar23

Long-Term Capital Lease Obligation

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0.75

0.61

1.28

0.58

0.74

Fitters Diversified Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.54	0.74	0.54	0.88	1.16

Fitters Diversified Bhd (XKLS:9318) 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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Fitters Diversified Bhd (XKLS:9318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Fitters Diversified Bhd (XKLS:9318) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, Wisma FITTERS, Kuala Lumpur, SGR, MYS, 52200

Website

http://www.fittersgroup.com

Fitters Diversified Bhd manufactures and trades safety, firefighting equipment, and industrial products, and installs a Computerised Fire Alarm Monitoring System. Its segments include Fire services; Property development and construction; Renewable and waste-to-energy and green palm oil mill; HYPRO PVC-O pipes manufacturing and distribution and Investment holding. Its geographical segments include Malaysia and Singapore, of which a majority of the revenue is generated within Malaysia.

Fitters Diversified Bhd (XKLS:9318) Headlines

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