Next Capital PCL (BKK:NCAP) Long-Term Capital Lease Obligation : ฿49 Mil (As of Mar. 2024)

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

Next Capital PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿49 Mil.

Next Capital PCL's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (฿25 Mil) to Dec. 2023 (฿51 Mil) but then declined from Dec. 2023 (฿51 Mil) to Mar. 2024 (฿49 Mil).

Next Capital PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿18 Mil) to Dec. 2022 (฿27 Mil) and increased from Dec. 2022 (฿27 Mil) to Dec. 2023 (฿51 Mil).

Next Capital PCL Long-Term Capital Lease Obligation Historical Data

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

Next Capital PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.49

18.16

27.31

50.92

Next Capital PCL Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	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														25.54	28.84	25.49	50.92	48.58

Next Capital PCL (BKK:NCAP) 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.

Next Capital PCL Long-Term Capital Lease Obligation Related Terms

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Next Capital PCL (BKK:NCAP) Business Description

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

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Address

Surawong Road, No. 163 Thai Samut Building, 15th Floor, Suriyawong, Bangrak, Bangkok, THA, 10500

Website

https://www.nextcapital.co.th

Next Capital PCL is a financial institution that lends credit to the public but does not receive deposits. The company operates a hire-purchase loan business which is not under the supervision of the Bank of Thailand with a focus on serving retail customers who mainly want to own motorcycles by offering new motorcycle hire-purchase loans. It is engaged in two segments which are motorcycle hire-purchase and used truck hire-purchase.