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TBN PCL (BKK:TBN) Long-Term Capital Lease Obligation : ฿24.9 Mil (As of Jun. 2024)


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What is TBN PCL Long-Term Capital Lease Obligation?

TBN PCL's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ฿24.9 Mil.

TBN PCL's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (฿27.7 Mil) to Mar. 2024 (฿26.6 Mil) and declined from Mar. 2024 (฿26.6 Mil) to Jun. 2024 (฿24.9 Mil).

TBN PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿4.4 Mil) to Dec. 2022 (฿36.3 Mil) but then declined from Dec. 2022 (฿36.3 Mil) to Dec. 2023 (฿27.7 Mil).

TBN PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for TBN 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.

* Premium members only.

TBN PCL Long-Term Capital Lease Obligation Chart

TBN PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
8.80 8.11 4.43 36.26 27.70

TBN PCL Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.13 29.36 27.70 26.60 24.87

TBN PCL  (BKK:TBN) 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.

TBN PCL Long-Term Capital Lease Obligation Related Terms

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TBN PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » TBN Corp PCL (BKK:TBN) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Sukhumvit 21 (Asoke) Road, Floor. 15, Room No. 1501-1502, 54 Bangkok Business Building, Klong Toey Nua, Wattana, Bangkok, THA, 10110
Website
https://www.tbn.co.th
TBN Corp PCL is Thailand's first low-code solutions provider. Its main business activity and for which it has three major customers that is selling and developing software for various organizations, including consulting on software development.