Union Steel Holdings (SGX:ZB9) Long-Term Capital Lease Obligation : S$10.1 Mil (As of Dec. 2023)

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What is Union Steel Holdings Long-Term Capital Lease Obligation?

Union Steel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$10.1 Mil.

Union Steel Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$10.2 Mil) to Jun. 2023 (S$11.1 Mil) but then declined from Jun. 2023 (S$11.1 Mil) to Dec. 2023 (S$10.1 Mil).

Union Steel Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (S$9.4 Mil) to Jun. 2022 (S$11.2 Mil) but then declined from Jun. 2022 (S$11.2 Mil) to Jun. 2023 (S$11.1 Mil).

Union Steel Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Union Steel Holdings'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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Union Steel Holdings Long-Term Capital Lease Obligation Chart

Union Steel Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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11.90

10.63

9.37

11.22

11.09

Union Steel Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.40	11.22	10.20	11.09	10.05

Union Steel Holdings (SGX:ZB9) 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.

Union Steel Holdings Long-Term Capital Lease Obligation Related Terms

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Union Steel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Union Steel Holdings Ltd (SGX:ZB9) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Pioneer Road North, Singapore, SGP, 628474

Website

http://www.unionsteel.com.sg

Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals that include import and export of scrap metals, trading, and leasing of metal products; Scaffolding that provides scaffolding services and related consultancy services; Engineering including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore followed by India, South Africa, Malaysia, Indonesia, Pakistan, Netherlands, and Others.

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