Marco Polo Marine (SGX:5LY) Long-Term Capital Lease Obligation : S$4.0 Mil (As of Mar. 2024)

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What is Marco Polo Marine Long-Term Capital Lease Obligation?

Marco Polo Marine's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$4.0 Mil.

Marco Polo Marine's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (S$0.1 Mil) to Sep. 2023 (S$4.7 Mil) but then declined from Sep. 2023 (S$4.7 Mil) to Mar. 2024 (S$4.0 Mil).

Marco Polo Marine's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (S$0.1 Mil) to Sep. 2022 (S$0.2 Mil) and increased from Sep. 2022 (S$0.2 Mil) to Sep. 2023 (S$4.7 Mil).

Marco Polo Marine Long-Term Capital Lease Obligation Historical Data

The historical data trend for Marco Polo Marine'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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Marco Polo Marine Long-Term Capital Lease Obligation Chart

Marco Polo Marine Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.09

0.34

0.05

0.21

4.73

Marco Polo Marine Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.21	0.08	4.73	4.01

Marco Polo Marine (SGX:5LY) 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.

Marco Polo Marine Long-Term Capital Lease Obligation Related Terms

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Marco Polo Marine (SGX:5LY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marco Polo Marine Ltd (SGX:5LY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MRPMF:USA

Address

66 Kallang Pudding Road, No.05-01 Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.marcopolomarine.com.sg

Marco Polo Marine Ltd is a Singapore-based integrated marine logistics company. It is principally engaged in the shipping and shipyard businesses. The company's business segments include Ship chartering services, which relate to charter hire activities; and Shipbuilding & repair services, which relates to sales of goods, shipbuilding and ship repair activities. It generates maximum revenue from Ship chartering services segment. The company operates internationally and generates the majority of its revenue from its activities in Singapore.

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