Trek 2000 International (SGX:5AB) Long-Term Capital Lease Obligation : S$0.22 Mil (As of Dec. 2023)

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What is Trek 2000 International Long-Term Capital Lease Obligation?

Trek 2000 International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.22 Mil.

Trek 2000 International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.17 Mil) to Jun. 2023 (S$0.33 Mil) but then declined from Jun. 2023 (S$0.33 Mil) to Dec. 2023 (S$0.22 Mil).

Trek 2000 International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$0.16 Mil) to Dec. 2022 (S$0.17 Mil) and increased from Dec. 2022 (S$0.17 Mil) to Dec. 2023 (S$0.22 Mil).

Trek 2000 International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trek 2000 International'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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Trek 2000 International Long-Term Capital Lease Obligation Chart

Trek 2000 International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

0.17

0.16

0.17

0.22

Trek 2000 International 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															0.16	0.16	0.17	0.33	0.22

Trek 2000 International (SGX:5AB) 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.

Trek 2000 International Long-Term Capital Lease Obligation Related Terms

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Trek 2000 International (SGX:5AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trek 2000 International Ltd (SGX:5AB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

30 Loyang Way No. 07-13/14/15, Loyang Industrial Estate, Singapore, SGP, 508769

Website

https://www.trek2000.com.sg

Trek 2000 International Ltd is an investment holding company and ownership of a portfolio of intellectual property. Its segments include Customised solutions, Interactive consumer solutions, and Renewable Energy Solutions. The company's Interactive Consumer Solutions division is the key revenue generator. Its ICS solutions/products comprise Thumbdrive, Flucard, Security Solutions, and WiFi Memory Modules for embedded devices. It is focused on key markets like China/ Hong Kong and Taiwan, and Singapore, India, Malaysia, and Indonesia is its secondary market.

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