Credit Bureau Asia (SGX:TCU) Long-Term Capital Lease Obligation : S$1.35 Mil (As of Dec. 2023)

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What is Credit Bureau Asia Long-Term Capital Lease Obligation?

Credit Bureau Asia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.35 Mil.

Credit Bureau Asia's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$1.40 Mil) to Jun. 2023 (S$0.90 Mil) but then increased from Jun. 2023 (S$0.90 Mil) to Dec. 2023 (S$1.35 Mil).

Credit Bureau Asia's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$2.33 Mil) to Dec. 2022 (S$1.40 Mil) and declined from Dec. 2022 (S$1.40 Mil) to Dec. 2023 (S$1.35 Mil).

Credit Bureau Asia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Credit Bureau Asia'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.

* Premium members only.

Credit Bureau Asia Long-Term Capital Lease Obligation Chart

Credit Bureau Asia Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.14

1.34

2.33

1.40

1.35

Credit Bureau Asia Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							2.33	2.38	1.40	0.90	1.35

Credit Bureau Asia (SGX:TCU) 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.

Credit Bureau Asia Long-Term Capital Lease Obligation Related Terms

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Credit Bureau Asia (SGX:TCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Credit Bureau Asia Ltd (SGX:TCU) » Definitions » Long-Term Capital Lease Obligation

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Address

6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.creditbureauasia.com

Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

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