Sime Darby Bhd (Sime Darby Bhd) Long-Term Capital Lease Obligation : $465 Mil (As of Mar. 2024)

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What is Sime Darby Bhd Long-Term Capital Lease Obligation?

Sime Darby Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $465 Mil.

Sime Darby Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($456 Mil) to Dec. 2023 ($486 Mil) but then declined from Dec. 2023 ($486 Mil) to Mar. 2024 ($465 Mil).

Sime Darby Bhd's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($364 Mil) to Jun. 2022 ($377 Mil) and increased from Jun. 2022 ($377 Mil) to Jun. 2023 ($467 Mil).

Sime Darby Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sime Darby Bhd'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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Sime Darby Bhd Long-Term Capital Lease Obligation Chart

Sime Darby Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.48

336.53

364.37

376.65

466.95

Sime Darby Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															380.60	466.95	455.73	485.62	464.93

Sime Darby Bhd (OTCPK:SMEBF) 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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Sime Darby Bhd (Sime Darby Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sime Darby Bhd (OTCPK:SMEBF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

4197:Malaysia

Address

Jalan PJU 1A/2, Level 9, Menara Sime Darby, Oasis Corporate Park, Ara Damansara, Petaling Jaya, SGR, MYS, 47301

Website

https://www.simedarby.com

Sime Darby Bhd is a Malaysia-based investment holding company. It organizes itself into five segments, based on business type: motors, industrial, healthcare, and others. The Industrial segment sells, rents, and services equipment and engineering services; the Motors segment, the largest contributor to revenue, assembles sells and rents out vehicles and provides after-sales services; the Healthcare segment invests in the Ramsay Sime Darby Health Care Group, providers of healthcare services; and Others include insurance broking and other general investments. Sime Darby derives revenue from Malaysia, Greater China, Other Countries in Asia, and Australasia.

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