Raffles Education (Raffles Education) Long-Term Capital Lease Obligation : $7.67 Mil (As of Dec. 2023)

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What is Raffles Education Long-Term Capital Lease Obligation?

Raffles Education's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.67 Mil.

Raffles Education's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($7.34 Mil) to Jun. 2023 ($7.71 Mil) but then declined from Jun. 2023 ($7.71 Mil) to Dec. 2023 ($7.67 Mil).

Raffles Education's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($1.90 Mil) to Jun. 2022 ($1.07 Mil) but then increased from Jun. 2022 ($1.07 Mil) to Jun. 2023 ($7.71 Mil).

Raffles Education Long-Term Capital Lease Obligation Historical Data

The historical data trend for Raffles Education'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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Raffles Education Long-Term Capital Lease Obligation Chart

Raffles Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.64

1.90

1.07

7.71

Raffles Education Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.25	1.07	7.34	7.71	7.67

Raffles Education (OTCPK:RFLFF) 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.

Raffles Education Long-Term Capital Lease Obligation Related Terms

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Raffles Education (Raffles Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Raffles Education Ltd (OTCPK:RFLFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NR7:Singapore

Address

111 Somerset, Unit No. 15-22, Singapore, SGP, 238164

Website

https://www.raffles.education

Raffles Education Ltd operates as an investment holding company, which engages in providing business and management consultancy services. It operates through the following business segments: Education, Education Facilities Rental Service, Real Estate Investment and Development, and Corporate and Others. The Education segment offers students a range of degree, diploma and full-time certification programmes in design and business-oriented disciplines at the post-secondary level. The Education Facilities Rental Service segment refers to the OUCHK engaging in education facilities leasing and commercial leasing for supporting facilities. The Real Estate Investment and Development segment participates in real estate investments and development.