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PC (Premium Catering (Holdings)) Long-Term Capital Lease Obligation : $1.99 Mil (As of Jun. 2024)


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What is Premium Catering (Holdings) Long-Term Capital Lease Obligation?

Premium Catering (Holdings)'s Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1.99 Mil.

Premium Catering (Holdings)'s quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($2.83 Mil) to Dec. 2023 ($2.44 Mil) and declined from Dec. 2023 ($2.44 Mil) to Jun. 2024 ($1.99 Mil).

Premium Catering (Holdings)'s annual Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.10 Mil) to Jun. 2023 ($2.83 Mil) but then declined from Jun. 2023 ($2.83 Mil) to Jun. 2024 ($1.99 Mil).

Premium Catering (Holdings) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Premium Catering (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.

* Premium members only.

Premium Catering (Holdings) Long-Term Capital Lease Obligation Chart

Premium Catering (Holdings) Annual Data
Trend Jun22 Jun23 Jun24
Long-Term Capital Lease Obligation
0.10 2.83 1.99

Premium Catering (Holdings) Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Long-Term Capital Lease Obligation 0.10 - 2.83 2.44 1.99

Premium Catering (Holdings)  (NAS:PC) 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.

Premium Catering (Holdings) Long-Term Capital Lease Obligation Related Terms

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Premium Catering (Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Premium Catering (Holdings) Ltd (NAS:PC) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
6 Woodlands Walk, Singapore, SGP, 738398
Website
https://www.premium-catering.com.sg
Premium Catering (Holdings) Ltd is a company that conducts its operations through its subsidiary is mainly engaged in food catering for functions, events, and workers in Singapore. Are specialized in Indian, Bangladesh, and Chinese cuisine and all its food products are Halal food which is permissible for consumption by Muslims to consume. Are an ACRA registered company and licensed by SFA to operate and process food business. Serve highquality value-packed food, company deliver's a reliable and dependable service to meet customer's daily meal requirements. The Company recognizes revenue from sales of budgeted prepared meals.