Oceanus Group (SGX:579) Long-Term Capital Lease Obligation : S$2.1 Mil (As of Dec. 2023)

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What is Oceanus Group Long-Term Capital Lease Obligation?

Oceanus Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2.1 Mil.

Oceanus Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$3.1 Mil) to Jun. 2023 (S$3.6 Mil) but then declined from Jun. 2023 (S$3.6 Mil) to Dec. 2023 (S$2.1 Mil).

Oceanus Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$0.3 Mil) to Dec. 2022 (S$3.1 Mil) but then declined from Dec. 2022 (S$3.1 Mil) to Dec. 2023 (S$2.1 Mil).

Oceanus Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oceanus Group'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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Oceanus Group Long-Term Capital Lease Obligation Chart

Oceanus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.05

0.04

0.31

3.06

2.06

Oceanus Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.31	0.35	3.06	3.59	2.06

Oceanus Group (SGX:579) 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.

Oceanus Group Long-Term Capital Lease Obligation Related Terms

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Oceanus Group (SGX:579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Oceanus Group Ltd (SGX:579) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

25 Ubi Road 4, Number 03-05, UBIX, Singapore, SGP, 408621

Website

https://www.oceanus.com.sg

Oceanus Group Ltd is an investment holding company. The company is engaged in the operation of hatcheries and fish farms, processing, curing, and preserving fish and other seafood. Its operating segment trading segment is those sales of processed marine products, alcoholic beverages, cosmetics, and coffee. The consultancy segment provides consultancy services related to fish farming and acquiring technologies for aquaculture and fishery business. Its geographical segments include China and Singapore, Hong Kong, Macau, and Cambodia out of which Hong Kong contributes the majority of the revenue.

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