Coraza Integrated Technology Bhd (XKLS:0240) Long-Term Capital Lease Obligation : RM1.74 Mil (As of Jun. 2024)

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What is Coraza Integrated Technology Bhd Long-Term Capital Lease Obligation?

Coraza Integrated Technology Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RM1.74 Mil.

Coraza Integrated Technology Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (RM2.42 Mil) to Mar. 2024 (RM0.49 Mil) but then increased from Mar. 2024 (RM0.49 Mil) to Jun. 2024 (RM1.74 Mil).

Coraza Integrated Technology Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM3.48 Mil) to Dec. 2022 (RM4.43 Mil) but then declined from Dec. 2022 (RM4.43 Mil) to Dec. 2023 (RM2.42 Mil).

Coraza Integrated Technology Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coraza Integrated Technology 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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Coraza Integrated Technology Bhd Long-Term Capital Lease Obligation Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.81

1.65

3.48

4.43

2.42

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												3.38	2.89	2.42	0.49	1.74

Coraza Integrated Technology Bhd (XKLS:0240) 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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Coraza Integrated Technology Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

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