Hong Seng Consolidated Bhd (XKLS:0041PA.PFD) Long-Term Capital Lease Obligation : RM9.70 Mil (As of Dec. 2024)

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What is Hong Seng Consolidated Bhd Long-Term Capital Lease Obligation?

Hong Seng Consolidated Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was RM9.70 Mil.

Hong Seng Consolidated Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (RM10.58 Mil) to Sep. 2024 (RM10.08 Mil) and declined from Sep. 2024 (RM10.08 Mil) to Dec. 2024 (RM9.70 Mil).

Hong Seng Consolidated Bhd's annual Long-Term Capital Lease Obligation increased from Mar. 2019 (RM0.08 Mil) to Mar. 2020 (RM0.66 Mil) but then declined from Mar. 2020 (RM0.66 Mil) to Sep. 2022 (RM0.56 Mil).

Hong Seng Consolidated Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Seng Consolidated 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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Hong Seng Consolidated Bhd Long-Term Capital Lease Obligation Chart

Hong Seng Consolidated Bhd Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Sep22

Long-Term Capital Lease Obligation

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0.42

0.34

0.08

0.66

0.56

Hong Seng Consolidated Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	12.75	10.58	10.08	9.70

Hong Seng Consolidated Bhd (XKLS:0041PA.PFD) 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.

Hong Seng Consolidated Bhd Long-Term Capital Lease Obligation Related Terms

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Hong Seng Consolidated Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Seng Consolidated Bhd (XKLS:0041PA.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0041:Malaysia

Address

C-01-3, Block C Plaza Glomac, No 6, Jalan SS7/19, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301

Website

https://www.hongseng.com.my

Hong Seng Consolidated Bhd is operating as an investment holding company. The company operates in five operating segments. The healthcare segment consists of a medical diagnostic and research laboratory and wholesale of pharmaceutical and medical goods; the Financial services include Moneylending; the Gloves segment consists of Manufacturing and trading of rubber gloves; The Search and advertising segment includes Developer and provider of online presence and advertising solutions and operator of search platforms; publishing business directory journals, and database marketing; The others segment includes, Investment holding, development and provision of software solutions companies, and the others. The majority of the revenue is derived from the healthcare segment.

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