MMM Group Bhd (XKLS:0159) Long-Term Capital Lease Obligation : RM0.41 Mil (As of Dec. 2023)

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

MMM Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.41 Mil.

MMM Group Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.67 Mil) to Sep. 2023 (RM0.54 Mil) and declined from Sep. 2023 (RM0.54 Mil) to Dec. 2023 (RM0.41 Mil).

MMM Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (RM0.00 Mil) to Mar. 2022 (RM0.55 Mil) and increased from Mar. 2022 (RM0.55 Mil) to Mar. 2023 (RM0.80 Mil).

MMM Group Bhd Long-Term Capital Lease Obligation Historical Data

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

MMM Group Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.55

0.80

MMM Group Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.39	0.80	0.67	0.54	0.41

MMM Group Bhd (XKLS:0159) 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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MMM Group Bhd (XKLS:0159) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MMM Group Bhd (XKLS:0159) » Definitions » Long-Term Capital Lease Obligation

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Address

1B, Jalan Yong Shook Lin, Seksyen 7f, Level 15, Unit 15-2, Menara Choy Fook On, Petaling Jaya, SGR, MYS, 46050

Website

https://www.asiamedia.my

Asia Media Group Bhd operates as an investment holding company, which provides media services. The company involved in the Digital Out-of-Home advertising industry and a wholly-owned subsidiary of Asia Media Group Berhad. The firm focuses on transit media advertising, allowing its clients to target users of public transportation in Malaysia by providing infotainments, advertisements, and contents via its Transit-TV Network System. It operates through the following segments: Investment holding and Multimedia advertising services, media communications. Geographically company generates the majority of its revenue from Malaysia.

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