Sino Logistics PCL (BKK:SINO) Long-Term Capital Lease Obligation : ฿130 Mil (As of Mar. 2024)

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What is Sino Logistics PCL Long-Term Capital Lease Obligation?

Sino Logistics PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿130 Mil.

Sino Logistics PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿170 Mil) to Dec. 2023 (฿140 Mil) and declined from Dec. 2023 (฿140 Mil) to Mar. 2024 (฿130 Mil).

Sino Logistics PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿16 Mil) to Dec. 2022 (฿69 Mil) and increased from Dec. 2022 (฿69 Mil) to Dec. 2023 (฿140 Mil).

Sino Logistics PCL Long-Term Capital Lease Obligation Historical Data

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

Sino Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

15.71

69.12

140.07

Sino Logistics PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	187.86	169.57	140.07	130.47

Sino Logistics PCL (BKK:SINO) 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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Sino Logistics PCL (BKK:SINO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sino Logistics Corp PCL (BKK:SINO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.sinologistics.co.th

Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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