IFS Capital (SGX:I49) Long-Term Capital Lease Obligation : S$1.85 Mil (As of Dec. 2024)

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What is IFS Capital Long-Term Capital Lease Obligation?

IFS Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was S$1.85 Mil.

IFS Capital's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (S$2.37 Mil) to Jun. 2024 (S$2.82 Mil) but then declined from Jun. 2024 (S$2.82 Mil) to Dec. 2024 (S$1.85 Mil).

IFS Capital's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (S$3.03 Mil) to Dec. 2023 (S$2.37 Mil) and declined from Dec. 2023 (S$2.37 Mil) to Dec. 2024 (S$1.85 Mil).

IFS Capital Long-Term Capital Lease Obligation Historical Data

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

IFS Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.84

1.88

3.03

2.37

1.85

IFS Capital 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															3.03	3.54	2.37	2.82	1.85

IFS Capital (SGX:I49) 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.

IFS Capital Long-Term Capital Lease Obligation Related Terms

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IFS Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IFS Capital Ltd (SGX:I49) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

10 Eunos Road 8, No 09-04 Singapore Post Centre, Singapore, SGP, 408600

Website

https://www.ifscapital.com.sg

IFS Capital Ltd provides commercial finance services like factoring, hire-purchase/leasing, working capital, asset-based financing, loans, government-assisted schemes, and trade/export finance to small and medium-sized enterprises. The company also provides bonds and guarantees, credit insurance, and general insurance through its subsidiary. The company's business is managed through its segments, including Credit financing, Insurance, Private equity and other investments, and Fund management. Credit Financing contributes to the majority of the revenue. The geographical segments of the company are Singapore, Thailand, Malaysia, Indonesia, and Others.

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