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Key Asic Bhd (XKLS:0143) Long-Term Capital Lease Obligation : RM0.00 Mil (As of Feb. 2024)


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What is Key Asic Bhd Long-Term Capital Lease Obligation?

Key Asic Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM0.00 Mil.

Key Asic Bhd's annual Long-Term Capital Lease Obligation declined from May. 2021 (RM0.18 Mil) to May. 2022 (RM0.00 Mil) but then increased from May. 2022 (RM0.00 Mil) to May. 2023 (RM0.54 Mil).


Key Asic Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Key Asic 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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Key Asic Bhd Long-Term Capital Lease Obligation Chart

Key Asic Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 May18 May19 May20 May21 May22 May23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.68 0.18 - 0.54

Key Asic Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.54 - - -

Key Asic Bhd  (XKLS:0143) 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.

Key Asic Bhd Long-Term Capital Lease Obligation Related Terms

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Key Asic Bhd (XKLS:0143) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8, First Avenue, 6th Floor, Unit 3, Bandar Utama, Petaling Jaya, SGR, MYS, 47800
Key Asic Bhd engages in turnkey application-specific integrated circuit design services for consumer, wireless, and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support. It operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments.

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