Aedge Group (SGX:XVG) Long-Term Capital Lease Obligation

: S$0.29 Mil (As of Dec. 2023)

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Aedge Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.29 Mil.

Aedge Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.07 Mil) to Jun. 2023 (S$0.25 Mil) and increased from Jun. 2023 (S$0.25 Mil) to Dec. 2023 (S$0.29 Mil).

Aedge Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (S$0.51 Mil) to Jun. 2022 (S$0.06 Mil) but then increased from Jun. 2022 (S$0.06 Mil) to Jun. 2023 (S$0.25 Mil).

Aedge Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aedge Group'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.

Aedge Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

1.18

0.51

0.06

0.25

Aedge Group Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation							0.11	0.06	0.07	0.25	0.29

Aedge Group (SGX:XVG) 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.

Aedge Group Long-Term Capital Lease Obligation Related Terms

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Aedge Group (SGX:XVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aedge Group Ltd (SGX:XVG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4009 Ang Mo Kio Avenue 10, No. 04-33 Techplace 1, Singapore, SGP, 569738

Website

https://www.aedge.com.sg

Aedge Group Ltd is a Singapore-based multi-services provider, focusing on three principal services, namely engineering services, security and manpower services and transport services. The company generates maximum revenue from Security and manpower services which include security services, including security guarding services and security systems integration; cleaning services; and manpower services, including manpower staffing, recruitment and placement services.

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