Lease IT PCL (BKK:LIT) Long-Term Capital Lease Obligation : ฿0.00 Mil (As of Mar. 2024)

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What is Lease IT PCL Long-Term Capital Lease Obligation?

Lease IT PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0.00 Mil.

Lease IT PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿1.04 Mil) to Dec. 2023 (฿0.00 Mil) but then stayed the same from Dec. 2023 (฿0.00 Mil) to Mar. 2024 (฿0.00 Mil).

Lease IT PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿7.38 Mil) to Dec. 2022 (฿4.08 Mil) and declined from Dec. 2022 (฿4.08 Mil) to Dec. 2023 (฿0.00 Mil).

Lease IT PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lease IT 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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Lease IT PCL Long-Term Capital Lease Obligation Chart

Lease IT PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.20

11.08

7.38

4.08

Lease IT PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.08	2.07	1.04	-	-

Lease IT PCL (BKK:LIT) 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.

Lease IT PCL Long-Term Capital Lease Obligation Related Terms

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Lease IT PCL (BKK:LIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lease IT PCL (BKK:LIT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Rama III Road, 1023 MS Siam Tower, 29th Floor, Chongnonsi, Yannawa, Bangkok, THA, 10120

Website

https://www.leaseit.co.th

Lease IT PCL is a Thailand-based company engaged in providing financial services in the form of hire-purchase, leasing, factoring services, and loans. It is organized into three business segments based on its services such as Lending business in term of hire-purchase, financial leases, factoring from selling and service, loans and sales of goods, Providing the data information and credit analysis included the project management and online shopping service platform with installment payment. It generates maximum revenue from financial services.