S P Setia Bhd (XKLS:8664) Long-Term Capital Lease Obligation : RM3 Mil (As of Dec. 2023)

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What is S P Setia Bhd Long-Term Capital Lease Obligation?

S P Setia Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM3 Mil.

S P Setia Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM0 Mil) to Sep. 2023 (RM4 Mil) but then declined from Sep. 2023 (RM4 Mil) to Dec. 2023 (RM3 Mil).

S P Setia Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM1 Mil) to Dec. 2022 (RM1 Mil) and increased from Dec. 2022 (RM1 Mil) to Dec. 2023 (RM3 Mil).

S P Setia Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for S P Setia 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.

S P Setia Bhd Long-Term Capital Lease Obligation Chart

S P Setia Bhd Annual Data

Trend

Oct13

Oct14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.40

2.32

0.82

0.92

3.36

S P Setia 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															0.92	0.42	0.40	3.80	3.36

S P Setia Bhd (XKLS:8664) 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.

S P Setia Bhd Long-Term Capital Lease Obligation Related Terms

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S P Setia Bhd (XKLS:8664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » S P Setia Bhd (XKLS:8664) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

8664PB.PFD:Malaysia 8664PA.PFD:Malaysia

Address

12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, S P Setia Berhad Corporate HQ, Shah Alam, MYS, 40170

Website

https://www.spsetia.com

S P Setia Bhd is a general real estate company that reports in three segments: Property Development, Construction, and Other operations. The vast majority of Setia's revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia's construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.

S P Setia Bhd (XKLS:8664) Headlines

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