Kelington Group Bhd (XKLS:0151) Long-Term Capital Lease Obligation

: RM5 Mil (As of Sep. 2023)

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Kelington Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM5 Mil.

Kelington Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (RM3 Mil) to Jun. 2023 (RM5 Mil) and increased from Jun. 2023 (RM5 Mil) to Sep. 2023 (RM5 Mil).

Kelington Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (RM2 Mil) to Dec. 2021 (RM3 Mil) and increased from Dec. 2021 (RM3 Mil) to Dec. 2022 (RM4 Mil).

Kelington Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kelington Group 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.

Kelington Group Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.26

2.55

2.13

2.68

3.61

Kelington Group Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation																3.68	3.61	3.44	4.50	4.60

Kelington Group Bhd (XKLS:0151) 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.

Kelington Group Bhd Long-Term Capital Lease Obligation Related Terms

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Kelington Group Bhd (XKLS:0151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kelington Group Bhd (XKLS:0151) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Jalan Astaka U8/83, Section U8, Bukit Jelutong Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.kelington-group.com

Kelington Group Bhd is principally engaged in the businesses of providing engineering services, construction, and general trading. Its segments include Manufacturing and trading segment which is involved in the manufacturing and trading of industrial gases and materials for contracts; Service segment which is involved in the provision of scientific and technical researches, laboratory testing service and experiments; and Construction segment which is involved in the provision of engineering services and construction and generates majority revenue for the company. Geographically, the company operates in Malaysia, Singapore, PRC and Others.

Kelington Group Bhd (XKLS:0151) Headlines

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