Mooreast Holdings (SGX:1V3) Long-Term Capital Lease Obligation : S$9.57 Mil (As of Jun. 2023)

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What is Mooreast Holdings Long-Term Capital Lease Obligation?

Mooreast Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$9.57 Mil.

Mooreast Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (S$10.40 Mil) to Dec. 2022 (S$9.97 Mil) and declined from Dec. 2022 (S$9.97 Mil) to Jun. 2023 (S$9.57 Mil).

Mooreast Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (S$1.24 Mil) to Dec. 2021 (S$10.68 Mil) but then declined from Dec. 2021 (S$10.68 Mil) to Dec. 2022 (S$9.97 Mil).

Mooreast Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mooreast 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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Mooreast Holdings Long-Term Capital Lease Obligation Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.24

10.68

9.97

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	10.68	10.40	9.97	9.57

Mooreast Holdings (SGX:1V3) 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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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

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