Eastern Technical Engineering PCL (BKK:ETE-F) Long-Term Capital Lease Obligation : ฿9.37 Mil (As of Dec. 2023)

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What is Eastern Technical Engineering PCL Long-Term Capital Lease Obligation?

Eastern Technical Engineering PCL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿9.37 Mil.

Eastern Technical Engineering PCL's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (฿6.26 Mil) to Sep. 2023 (฿10.73 Mil) but then declined from Sep. 2023 (฿10.73 Mil) to Dec. 2023 (฿9.37 Mil).

Eastern Technical Engineering PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿6.79 Mil) to Dec. 2022 (฿5.44 Mil) but then increased from Dec. 2022 (฿5.44 Mil) to Dec. 2023 (฿9.37 Mil).

Eastern Technical Engineering PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eastern Technical Engineering PCL'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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Eastern Technical Engineering PCL Long-Term Capital Lease Obligation Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.02

2.19

6.79

5.44

9.37

Eastern Technical Engineering PCL 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															5.44	6.15	6.26	10.73	9.37

Eastern Technical Engineering PCL (BKK:ETE-F) 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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Eastern Technical Engineering PCL (BKK:ETE-F) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE-F) » Definitions » Long-Term Capital Lease Obligation

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ETE:Thailand

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

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