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GTI (Graphjet Technology) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)


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What is Graphjet Technology Long-Term Capital Lease Obligation?

Graphjet Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.


Graphjet Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Graphjet Technology'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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Graphjet Technology Long-Term Capital Lease Obligation Chart

Graphjet Technology Annual Data
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Graphjet Technology Quarterly Data
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Graphjet Technology  (NAS:GTI) 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.

Graphjet Technology Long-Term Capital Lease Obligation Related Terms

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Graphjet Technology Business Description

Industry
Traded in Other Exchanges
N/A
Address
Unit No L4-E-8, Enterprise 4, Technology Park Malaysia Bukit Jalil, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000
Graphjet Technology is a company that owns state-of-the-art technology for the manufacture of artificial graphene and graphite, critical raw materials used in a variety of industries. The technology was developed through our collaboration with National University of Malaysia and Universiti Teknikal Malaysia Melaka. It produces artificial graphite and graphene from palm seed kernels, a waste product widely available in Malaysia and other countries that produce palm seed oil. Unlike mineral coal-based or petroleum-based graphite which is ultimately limited and must be mined and processed to produce commercial-grade graphite, our raw materials are renewable and effectively unlimited.