MeGroup (SGX:SJY) Long-Term Capital Lease Obligation : S$7.1 Mil (As of Sep. 2023)

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What is MeGroup Long-Term Capital Lease Obligation?

MeGroup's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$7.1 Mil.

MeGroup's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (S$7.1 Mil) to Mar. 2023 (S$7.1 Mil) and declined from Mar. 2023 (S$7.1 Mil) to Sep. 2023 (S$7.1 Mil).

MeGroup's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (S$6.1 Mil) to Mar. 2022 (S$7.7 Mil) but then declined from Mar. 2022 (S$7.7 Mil) to Mar. 2023 (S$7.1 Mil).

MeGroup Long-Term Capital Lease Obligation Historical Data

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

MeGroup Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.62

6.35

6.06

7.71

7.12

MeGroup Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										8.21	7.71	7.13	7.12	7.08

MeGroup (SGX:SJY) 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.

MeGroup Long-Term Capital Lease Obligation Related Terms

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MeGroup (SGX:SJY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MeGroup Ltd (SGX:SJY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Cecil Street, No. 14-01 Keck Seng Tower, Singapore, SGP, 069535

Website

https://www.me-grp.com

MeGroup Ltd is an automotive company. The company is involved in the manufacturing of noise, vibration, and harshness (NVH) and non-NVH components for the automotive industry. The business activities of the group function through the manufacturing business and dealership business segments where the manufacturing business segment specializes in manufacturing NVH components such as headliners and engine outers which are incorporated into various parts of automobiles, including the ceiling, dashboard, hood, and boot, as well as non-NVH components such as parcel trays and board assembly decks and the dealership business derives the majority of revenue which comprises several 3S and 4S automobile dealerships for the sale of new automobiles.

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