Mercury Securities Group Bhd (XKLS:0285) Long-Term Capital Lease Obligation : RM0.14 Mil (As of Oct. 2023)

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What is Mercury Securities Group Bhd Long-Term Capital Lease Obligation?

Mercury Securities Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was RM0.14 Mil.

Mercury Securities Group Bhd's quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 (RM0.34 Mil) to Apr. 2023 (RM0.24 Mil) and declined from Apr. 2023 (RM0.24 Mil) to Oct. 2023 (RM0.14 Mil).

Mercury Securities Group Bhd's annual Long-Term Capital Lease Obligation declined from Oct. 2021 (RM0.59 Mil) to Oct. 2022 (RM0.34 Mil) and declined from Oct. 2022 (RM0.34 Mil) to Oct. 2023 (RM0.14 Mil).

Mercury Securities Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mercury Securities Group 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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Mercury Securities Group Bhd Long-Term Capital Lease Obligation Chart

Mercury Securities Group Bhd Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

0.53

0.59

0.34

0.14

Mercury Securities Group Bhd Semi-Annual Data
	Oct19	Oct20	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.59	-	0.34	0.24	0.14

Mercury Securities Group Bhd (XKLS:0285) 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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Mercury Securities Group Bhd (XKLS:0285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercury Securities Group Bhd (XKLS:0285) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Jalan Solaris, L-7-2, Solaris Mont Kiara, Kuala Lumpur, MYS, 50480

Website

https://www.mercurysecurities.com.my

Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.

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