Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) Long-Term Capital Lease Obligation : RM1 Mil (As of Dec. 2023)

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What is Syarikat Takaful Malaysia Keluarga Bhd Long-Term Capital Lease Obligation?

Syarikat Takaful Malaysia Keluarga Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1 Mil.

Syarikat Takaful Malaysia Keluarga Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM1 Mil) to Sep. 2023 (RM0 Mil) but then increased from Sep. 2023 (RM0 Mil) to Dec. 2023 (RM1 Mil).

Syarikat Takaful Malaysia Keluarga Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0 Mil) to Dec. 2022 (RM0 Mil) but then increased from Dec. 2022 (RM0 Mil) to Dec. 2023 (RM1 Mil).

Syarikat Takaful Malaysia Keluarga Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Syarikat Takaful Malaysia Keluarga 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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Syarikat Takaful Malaysia Keluarga Bhd Long-Term Capital Lease Obligation Chart

Syarikat Takaful Malaysia Keluarga Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.99

0.81

0.49

0.43

0.91

Syarikat Takaful Malaysia Keluarga 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															0.43	0.74	0.61	0.49	0.91

Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) 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.

Syarikat Takaful Malaysia Keluarga Bhd Long-Term Capital Lease Obligation Related Terms

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Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Jalan Sultan Sulaiman, Tingkat 14, Block Annexe, Menara Takafu, Kuala Lumpur, SGR, MYS, 50000

Website

https://www.takaful-malaysia.com.my

Syarikat Takaful Malaysia Keluarga Bhd is a takaful insurance provider in Malaysia and Indonesia. Like insurance, takaful protects participants from loss, but unlike traditional insurance, it adheres to a business model that conforms to Islamic religious law. The company's business includes participants who pool their money into a Participant Risk Fund, which then has funds available to disburse when a participant is facing a loss. For managing the takaful fund, the company receives a service fee on participant contributions. Syarikat Takaful Malaysia manages family and general takaful businesses, which include medical, motor, and home takaful. The vast majority of the company's revenue comes from customers in Malaysia.

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