Micro Leasing PCL (BKK:MICRO) Long-Term Capital Lease Obligation : ฿8.6 Mil (As of Mar. 2024)

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What is Micro Leasing PCL Long-Term Capital Lease Obligation?

Micro Leasing PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿8.6 Mil.

Micro Leasing PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿10.7 Mil) to Dec. 2023 (฿9.7 Mil) and declined from Dec. 2023 (฿9.7 Mil) to Mar. 2024 (฿8.6 Mil).

Micro Leasing PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿18.1 Mil) to Dec. 2022 (฿16.1 Mil) and declined from Dec. 2022 (฿16.1 Mil) to Dec. 2023 (฿9.7 Mil).

Micro Leasing PCL Long-Term Capital Lease Obligation Historical Data

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

Micro Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.82

12.38

18.06

16.07

9.71

Micro Leasing PCL Quarterly Data
	Dec18	Jun19	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															13.43	12.93	10.66	9.71	8.57

Micro Leasing PCL (BKK:MICRO) 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.

Micro Leasing PCL Long-Term Capital Lease Obligation Related Terms

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Micro Leasing PCL (BKK:MICRO) Business Description

Industry

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

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Traded in Other Exchanges

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Address

863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000

Website

https://www.microleasingplc.com

Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

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