Syntec Construction PCL (BKK:SYNTEC) Long-Term Capital Lease Obligation : ฿537 Mil (As of Dec. 2023)

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What is Syntec Construction PCL Long-Term Capital Lease Obligation?

Syntec Construction PCL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿537 Mil.

Syntec Construction PCL's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (฿515 Mil) to Sep. 2023 (฿513 Mil) but then increased from Sep. 2023 (฿513 Mil) to Dec. 2023 (฿537 Mil).

Syntec Construction PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿649 Mil) to Dec. 2022 (฿489 Mil) but then increased from Dec. 2022 (฿489 Mil) to Dec. 2023 (฿537 Mil).

Syntec Construction PCL Long-Term Capital Lease Obligation Historical Data

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

Syntec Construction PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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567.94

648.77

488.90

537.09

Syntec Construction 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															488.90	496.49	514.96	513.08	537.09

Syntec Construction PCL (BKK:SYNTEC) 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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Syntec Construction PCL (BKK:SYNTEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Syntec Construction PCL (BKK:SYNTEC) » Definitions » Long-Term Capital Lease Obligation

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Address

555/7-11 Sukhumvit Soi 63 (Ekamai), Sukhumvit Road, Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.synteccon.com

Syntec Construction PCL is a Thailand based company, that engages in construction contracts and civil engineering works. It is engaged in the provision of construction and real estate services to government and private bureaus. It operates through the following businesses: Construction Business; Real estate development for Room Service or Service Apartment and Rental Business, and Operate the Management Business for Hotel, Service Apartment, and Other Properties. Its construction projects include infrastructure, institutional projects, residential buildings, commercial buildings, hotels, resorts, shopping malls and industrial construction.

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