GFM Services Bhd (XKLS:0039) Long-Term Capital Lease Obligation : RM1.0 Mil (As of Dec. 2024)

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What is GFM Services Bhd Long-Term Capital Lease Obligation?

GFM Services Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was RM1.0 Mil.

GFM Services Bhd's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2024 (RM0.0 Mil) to Sep. 2024 (RM0.0 Mil) but then increased from Sep. 2024 (RM0.0 Mil) to Dec. 2024 (RM1.0 Mil).

GFM Services Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (RM0.4 Mil) to Dec. 2023 (RM1.4 Mil) but then declined from Dec. 2023 (RM1.4 Mil) to Dec. 2024 (RM1.0 Mil).

GFM Services Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for GFM Services 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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GFM Services Bhd Long-Term Capital Lease Obligation Chart

GFM Services Bhd Annual Data

Trend

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.34

0.41

1.37

0.96

GFM Services Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.37	-	-	-	0.96

GFM Services Bhd (XKLS:0039) 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.

GFM Services Bhd Long-Term Capital Lease Obligation Related Terms

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GFM Services Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GFM Services Bhd (XKLS:0039) » Definitions » Long-Term Capital Lease Obligation

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Address

A-3A-1 Melawati Corporate Centre, Jalan Bandar Melawati, Taman Melawati, Kuala Lumpur, SGR, MYS, 53100

Website

https://www.gfmservices.com.my

GFM Services Bhd is an investment holding company. Its core business is in providing Facilities Management services which include the provision of facilities operations, maintenance and management, engineering services, facilities consultancy and advisory, and facilities management services. The Concession arrangements business involves the construction and maintenance of facilities and infrastructure.

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