Lms Compliance (SGX:LMS) Long-Term Capital Lease Obligation : S$0.44 Mil (As of Jun. 2023)

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What is Lms Compliance Long-Term Capital Lease Obligation?

Lms Compliance's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$0.44 Mil.

Lms Compliance's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (S$0.00 Mil) to Dec. 2022 (S$0.50 Mil) but then declined from Dec. 2022 (S$0.50 Mil) to Jun. 2023 (S$0.44 Mil).

Lms Compliance's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (S$0.69 Mil) to Dec. 2021 (S$0.60 Mil) and declined from Dec. 2021 (S$0.60 Mil) to Dec. 2022 (S$0.50 Mil).

Lms Compliance Long-Term Capital Lease Obligation Historical Data

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

Lms Compliance Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.68

0.69

0.60

0.50

Lms Compliance Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.60	0.58	-	0.50	0.44

Lms Compliance (SGX:LMS) 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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Lms Compliance (SGX:LMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lms Compliance Ltd (SGX:LMS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

16, Lengkok Kikik 1, Taman Inderawasih, Perai, PNG, MYS, 13600

Website

https://lmscompliance.com

Lms Compliance Ltd offers quality testing and certification services for customers across a gamut of industries, ranging from food and healthcare to industrial and Greentech. In general, the company's business segments are organized into the following divisions namely provision of testing and assessment services; provision of certification services; trading business segment; and distribution of conformity assessment technology.

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