Ecoscience International Bhd (XKLS:0255) Long-Term Capital Lease Obligation : RM0.6 Mil (As of Mar. 2024)

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What is Ecoscience International Bhd Long-Term Capital Lease Obligation?

Ecoscience International Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.6 Mil.

Ecoscience International Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.6 Mil) to Dec. 2023 (RM0.6 Mil) but then declined from Dec. 2023 (RM0.6 Mil) to Mar. 2024 (RM0.6 Mil).

Ecoscience International Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0.5 Mil) to Dec. 2022 (RM1.0 Mil) but then declined from Dec. 2022 (RM1.0 Mil) to Dec. 2023 (RM0.6 Mil).

Ecoscience International Bhd Long-Term Capital Lease Obligation Historical Data

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

Ecoscience International Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.77

0.93

0.49

0.97

0.63

Ecoscience International Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.94	0.68	0.60	0.63	0.59

Ecoscience International Bhd (XKLS:0255) 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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Ecoscience International Bhd (XKLS:0255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ecoscience International Bhd (XKLS:0255) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Pasir Gudang Industrial Estate, PLO555, Jalan Keluli 8, Pasir Gudang, JHR, MYS, 81700

Website

https://www.ecosciencegroup.com

Ecoscience International Bhd is a one-stop solution provider for the construction of palm oil mills and supporting facilities, and fabrication of equipment. The core activities of the company is the construction of plants, which are mainly palm oil mills and facilities, supported by our in-house fabrication of equipment. Other complementary activities include supply of materials and equipment, spare parts and provision of maintenance services. The company's reportable segments are as follows which includes Construction of Plants and Facilities Segment, Fabrication of Equipment Segment, Supply of Material and Equipment, Others. The company generates majority of its revenue from Construction of Plants and Facilities Segment in Malaysia region itself.

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