Beng Soon Machinery Holdings (HKSE:01987) Long-Term Capital Lease Obligation : HK$55.4 Mil (As of Dec. 2024)

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What is Beng Soon Machinery Holdings Long-Term Capital Lease Obligation?

Beng Soon Machinery Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$55.4 Mil.

Beng Soon Machinery Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$47.0 Mil) to Jun. 2024 (HK$44.9 Mil) but then increased from Jun. 2024 (HK$44.9 Mil) to Dec. 2024 (HK$55.4 Mil).

Beng Soon Machinery Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$47.8 Mil) to Dec. 2023 (HK$47.0 Mil) but then increased from Dec. 2023 (HK$47.0 Mil) to Dec. 2024 (HK$55.4 Mil).

Beng Soon Machinery Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beng Soon Machinery Holdings'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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Beng Soon Machinery Holdings Long-Term Capital Lease Obligation Chart

Beng Soon Machinery Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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52.12

50.09

47.83

47.05

55.37

Beng Soon Machinery Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										47.83	47.64	47.05	44.90	55.37

Beng Soon Machinery Holdings (HKSE:01987) 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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Beng Soon Machinery Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Beng Soon Machinery Holdings Ltd (HKSE:01987) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Tuas South Street 7, Singapore, SGP, 637111

Website

https://www.bsm.com.sg

Beng Soon Machinery Holdings Ltd is an investment holding company engaged in the provision of demolition services. The Group is a demolition services provider in Singapore, which also sells salvage materials removed from the demolition sites to third-party salvage buyers, deposits earth from earth providers at its demolition sites for landfilling purposes, and leases and sells machinery to third parties. The company derives a majority of its revenue from Singapore.

Executives

Lee Peck Kim	2202 Interest of your spouse
Tan Chee Beng	2201 Interest of corporation controlled by you
Tcb Investment Holdings Limited	2101 Beneficial owner
K Luxe Holdings Limited	2101 Beneficial owner
Cheung Kam Fai	2201 Interest of corporation controlled by you

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