Kim Heng (SGX:5G2) Long-Term Capital Lease Obligation : S$11.3 Mil (As of Dec. 2024)

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What is Kim Heng Long-Term Capital Lease Obligation?

Kim Heng's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was S$11.3 Mil.

Kim Heng's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (S$12.0 Mil) to Jun. 2024 (S$10.9 Mil) but then increased from Jun. 2024 (S$10.9 Mil) to Dec. 2024 (S$11.3 Mil).

Kim Heng's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (S$10.3 Mil) to Dec. 2023 (S$12.0 Mil) but then declined from Dec. 2023 (S$12.0 Mil) to Dec. 2024 (S$11.3 Mil).

Kim Heng Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kim Heng'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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Kim Heng Long-Term Capital Lease Obligation Chart

Kim Heng Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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6.51

10.03

10.33

12.05

11.28

Kim Heng Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.33	9.06	12.05	10.88	11.28

Kim Heng (SGX:5G2) 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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Kim Heng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kim Heng Ltd (SGX:5G2) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 48 Penjuru Road, Singapore, SGP, 609152

Website

https://www.kimheng.com.sg

Kim Heng Ltd is an integrated offshore and marine value chain service provider. It is engaged in providing services like supply chain management which includes the provision of logistics, general shipping, and crew management, and provision of offshore supply vessels and heavy lift equipment, vessel sales, and newbuild which includes purchase and refurbishment of vessels for onselling, and heavy equipment sale and rental which includes leasing, sale, maintenance, import and export of heavy equipment, and providing equipment and machinery like a crawler, lorry, and mobile cranes. The operating segments are Offshore Rig Services and Supply Chain Management, and Vessel Sales and Newbuilds where offshore rig services contribute the majority of revenue.

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