Securemetric Bhd (XKLS:0203) Long-Term Capital Lease Obligation : RM0.98 Mil (As of Dec. 2023)

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What is Securemetric Bhd Long-Term Capital Lease Obligation?

Securemetric Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.98 Mil.

Securemetric Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.63 Mil) to Sep. 2023 (RM0.54 Mil) but then increased from Sep. 2023 (RM0.54 Mil) to Dec. 2023 (RM0.98 Mil).

Securemetric Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.73 Mil) to Dec. 2022 (RM0.33 Mil) but then increased from Dec. 2022 (RM0.33 Mil) to Dec. 2023 (RM0.98 Mil).

Securemetric Bhd Long-Term Capital Lease Obligation Historical Data

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

Securemetric Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.56

0.16

0.73

0.33

0.98

Securemetric 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															0.33	0.28	0.63	0.54	0.98

Securemetric Bhd (XKLS:0203) 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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Securemetric Bhd (XKLS:0203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Securemetric Bhd (XKLS:0203) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 5-E-6, Enterprise 4, Technology Park Malaysia Lebuhraya, Sg. Besi - Puchong, Bukit Jalil, Kuala Lumpur, MYS, 57000

Website

https://www.securemetric.com

Securemetric Bhd provides digital security solutions as well as trading of electronic identification products along with other services. Its core focus is into Software Licensing Protection dongles for the prevention of unauthorized access, 2-Factor Authentication aims to enhance access security by single-time OTP password, Advanced Identity, and Access Management, Public Key Infrastructure, and CENTAGATE which is an exclusive software that manages user authentication. It operates through the following business segments: Digital security solutions; Electronic identification products and Others.

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