Radiant Globaltech Bhd (XKLS:0202) Long-Term Capital Lease Obligation : RM1.2 Mil (As of Dec. 2023)

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What is Radiant Globaltech Bhd Long-Term Capital Lease Obligation?

Radiant Globaltech Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.2 Mil.

Radiant Globaltech Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM0.4 Mil) to Sep. 2023 (RM0.9 Mil) and increased from Sep. 2023 (RM0.9 Mil) to Dec. 2023 (RM1.2 Mil).

Radiant Globaltech Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.6 Mil) to Dec. 2022 (RM0.4 Mil) but then increased from Dec. 2022 (RM0.4 Mil) to Dec. 2023 (RM1.2 Mil).

Radiant Globaltech Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Radiant Globaltech 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.

* Premium members only.

Radiant Globaltech Bhd Long-Term Capital Lease Obligation Chart

Radiant Globaltech Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.39

0.32

0.57

0.39

1.16

Radiant Globaltech Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.39	0.39	0.41	0.90	1.16

Radiant Globaltech Bhd (XKLS:0202) 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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Radiant Globaltech Bhd (XKLS:0202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Radiant Globaltech Bhd (XKLS:0202) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 8, Jalan Kerinchi, Vertical Business Suite, Bangsar South, Avenue 3, Unit 03-06 and 03-07, Level 3, Tower B, Kuala Lumpur, MYS, 59200

Website

https://www.rgtech.com.my

Radiant Globaltech Bhd is engaged in providing retail technology solutions including retail hardware, retail software, as well as maintenance and technical support services. It also offers a full range of retail technology solutions to its customers. The operating segments of the company are Hardware and Maintenance which is involved in the marketing, sale and installation of hardware for the retail industry and provide on-going maintenance for the hardware and software products and solutions, and Software which is involved in design, development, marketing, sales, and enhancement, customisation and implementation of third party software and in-house software. The group derives prime revenue from Malaysia.

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