Lincotrade & Associates Holdings (SGX:BFT) Long-Term Capital Lease Obligation : S$0.10 Mil (As of Dec. 2023)

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What is Lincotrade & Associates Holdings Long-Term Capital Lease Obligation?

Lincotrade & Associates Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.10 Mil.

Lincotrade & Associates Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.13 Mil) to Jun. 2023 (S$0.16 Mil) but then declined from Jun. 2023 (S$0.16 Mil) to Dec. 2023 (S$0.10 Mil).

Lincotrade & Associates Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (S$0.00 Mil) to Jun. 2022 (S$0.18 Mil) but then declined from Jun. 2022 (S$0.18 Mil) to Jun. 2023 (S$0.16 Mil).

Lincotrade & Associates Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lincotrade & Associates Holdings'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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Lincotrade & Associates Holdings Long-Term Capital Lease Obligation Chart

Lincotrade & Associates Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.05

0.18

0.16

Lincotrade & Associates Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.18	0.13	0.16	0.10

Lincotrade & Associates Holdings (SGX:BFT) 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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Lincotrade & Associates Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lincotrade & Associates Holdings Ltd (SGX:BFT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

39 Sungei Kadut Loop, Singapore, SGP, 729494

Website

https://www.lincotrade.com.sg

Lincotrade & Associates Holdings Ltd specializes in interior fitting out services, additions and alterations ("A&A") works, and other building construction services. Its segments include commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments; residential premises such as condominium developments; and show flats and sales galleries. The company generates the majority of its revenue from commercial premises. Geographically the company operates in Singapore.