Reservoir Link Energy Bhd (XKLS:0219) Long-Term Capital Lease Obligation : RM1.3 Mil (As of Sep. 2024)

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What is Reservoir Link Energy Bhd Long-Term Capital Lease Obligation?

Reservoir Link Energy Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM1.3 Mil.

Reservoir Link Energy Bhd's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (RM1.4 Mil) to Jun. 2024 (RM1.5 Mil) but then declined from Jun. 2024 (RM1.5 Mil) to Sep. 2024 (RM1.3 Mil).

Reservoir Link Energy Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.2 Mil) to Jun. 2023 (RM0.0 Mil) but then increased from Jun. 2023 (RM0.0 Mil) to Jun. 2024 (RM1.5 Mil).

Reservoir Link Energy Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reservoir Link Energy 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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Reservoir Link Energy Bhd Long-Term Capital Lease Obligation Chart

Reservoir Link Energy Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun23

Jun24

Long-Term Capital Lease Obligation

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0.38

0.23

1.50

Reservoir Link Energy Bhd Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.21	0.15	1.42	1.50	1.30

Reservoir Link Energy Bhd (XKLS:0219) 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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Reservoir Link Energy Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reservoir Link Energy Bhd (XKLS:0219) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 2, Jalan Kerinchi, Gerbang Kerinchi, E-33-01, Menara SUEZCAP 2, KL Gateway, Lestari, Kuala Lumpur, MYS, 59200

Website

https://www.reservoirlink.com

Reservoir Link Energy Bhd is a provider of well services for Oil & Gas Operators and Renewable Energy industry that supports upstream segments. The company provides services for well leak repair, perforation, testing, wash and cement, wireline services, production enhancement, and other services comprise of supplying oilfield products, equipment and technical personnel, and providing construction and consultancy services. The company has three business segments as oil and gas segment; Renewable energy segment and other services. It derives majority of its revenue from Renewable energy Segment.

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