Aztech Global (SGX:8AZ) Long-Term Capital Lease Obligation : S$2.7 Mil (As of Dec. 2023)

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What is Aztech Global Long-Term Capital Lease Obligation?

Aztech Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2.7 Mil.

Aztech Global's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$1.6 Mil) to Jun. 2023 (S$1.2 Mil) but then increased from Jun. 2023 (S$1.2 Mil) to Dec. 2023 (S$2.7 Mil).

Aztech Global's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$1.4 Mil) to Dec. 2022 (S$1.6 Mil) and increased from Dec. 2022 (S$1.6 Mil) to Dec. 2023 (S$2.7 Mil).

Aztech Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aztech Global'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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Aztech Global Long-Term Capital Lease Obligation Chart

Aztech Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.22

1.91

1.44

1.61

2.72

Aztech Global Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1.44	1.61	1.17	2.72	-

Aztech Global (SGX:8AZ) 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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Aztech Global (SGX:8AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aztech Global Ltd (SGX:8AZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No 01-05, 31 Ubi Road 1, Singapore, SGP, 408694

Website

https://www.aztechglobal.com

Aztech Global Ltd is an investment holding company. Its key products can be broadly categorized into the three modes such as IoT Devices and Data-communication products; LED lighting products; and Other electrical products. The Group has two reportable segments which include the manufacturing segment and the distribution and trading segment. The manufacturing segment manufactures and sells electronic products for its customers including related corporations. The distribution and trading segment sells electronic products to its customers including related corporations. Geographically, the group generates the majority of its revenue from the North American region.

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