Lambo Group Bhd (XKLS:0018) Long-Term Capital Lease Obligation : RM9.36 Mil (As of Jun. 2024)

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What is Lambo Group Bhd Long-Term Capital Lease Obligation?

Lambo Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RM9.36 Mil.

Lambo Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (RM6.45 Mil) to Mar. 2024 (RM9.74 Mil) but then declined from Mar. 2024 (RM9.74 Mil) to Jun. 2024 (RM9.36 Mil).

Lambo Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (RM0.00 Mil) to May. 2021 (RM0.06 Mil) and increased from May. 2021 (RM0.06 Mil) to Sep. 2023 (RM6.72 Mil).

Lambo Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lambo Group 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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Lambo Group Bhd Long-Term Capital Lease Obligation Chart

Lambo Group Bhd Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

May21

Sep23

Long-Term Capital Lease Obligation

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0.06

6.72

Lambo Group Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.82	6.72	6.45	9.74	9.36

Lambo Group Bhd (XKLS:0018) 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.

Lambo Group Bhd Long-Term Capital Lease Obligation Related Terms

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Lambo Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lambo Group Bhd (XKLS:0018) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 8, Persiaran Tropicana, Lot 11.1, 11th Floor, Menara Lien Hoe, Petaling Jaya, SGR, MYS, 47410

Website

http://www.lambogroup.my

Lambo Group Bhd is a Malaysia-based company. Its segments are IT consultancy and E-commerce services, Logistic services, and Wholesale of shoe products. The IT consultancy and E-commerce service segment includes IT services to SMEs and Business to Customer platform e-commerce businesses. The Logistic services segment includes Provision for logistics and delivery of goods from transportation hubs to the final delivery destination. The Wholesale of shoe products segment includes the Provision of wholesale products and Business to Business platform.

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