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Pollux Properties (SGX:5AE) Long-Term Capital Lease Obligation : S$0.00 Mil (As of Jun. 2023)


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What is Pollux Properties Long-Term Capital Lease Obligation?

Pollux Properties's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$0.00 Mil.


Pollux Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pollux Properties'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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Pollux Properties Long-Term Capital Lease Obligation Chart

Pollux Properties Annual Data
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Long-Term Capital Lease Obligation
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Pollux Properties Semi-Annual Data
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Pollux Properties  (SGX:5AE) 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.

Pollux Properties Long-Term Capital Lease Obligation Related Terms

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Pollux Properties (SGX:5AE) Business Description

Industry
Traded in Other Exchanges
N/A
Address
554 Havelock Road, Singapore, SGP, 169639
Pollux Properties Ltd is a property developer in Singapore focusing on the development of residential and commercial properties. The company is engaged in the business of developing premium real estate projects. The company operates through five segments: The Property Development segment, which is involved in the acquisition and development of properties for sale; The Property Investment segment, which is involved in renting properties and operating a serviced apartment; The Corporate segment, which is involved in corporate services and investments. The Fund Management segment is involved in providing management and advisory services and Hotel Operations. The company generates the majority of its revenue from the Property Investment segment.

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