Resources Global Development (SGX:V7R) Long-Term Capital Lease Obligation : S$0.3 Mil (As of Dec. 2023)

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What is Resources Global Development Long-Term Capital Lease Obligation?

Resources Global Development's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.3 Mil.

Resources Global Development's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.1 Mil) to Jun. 2023 (S$0.3 Mil) but then stayed the same from Jun. 2023 (S$0.3 Mil) to Dec. 2023 (S$0.3 Mil).

Resources Global Development's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$0.1 Mil) to Dec. 2022 (S$0.1 Mil) but then increased from Dec. 2022 (S$0.1 Mil) to Dec. 2023 (S$0.3 Mil).

Resources Global Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Resources Global Development'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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Resources Global Development Long-Term Capital Lease Obligation Chart

Resources Global Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.23

0.11

0.08

0.05

0.27

Resources Global Development Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.08	-	0.05	0.27	0.27

Resources Global Development (SGX:V7R) 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.

Resources Global Development Long-Term Capital Lease Obligation Related Terms

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Resources Global Development (SGX:V7R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Resources Global Development Ltd (SGX:V7R) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Robinson Road, No. 11-02 Robinson Square, Singapore, SGP, 068908

Website

https://www.rgd.sg

Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.

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