Minox International Group Bhd (XKLS:0288) Long-Term Capital Lease Obligation : RM2.62 Mil (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Minox International Group Bhd Long-Term Capital Lease Obligation?

Minox International Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RM2.62 Mil.

Minox International Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (RM0.93 Mil) to Mar. 2024 (RM2.92 Mil) but then declined from Mar. 2024 (RM2.92 Mil) to Jun. 2024 (RM2.62 Mil).

Minox International Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0.27 Mil) to Dec. 2022 (RM0.80 Mil) and increased from Dec. 2022 (RM0.80 Mil) to Dec. 2023 (RM0.93 Mil).

Minox International Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Minox International 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.

* Premium members only.

Minox International Group Bhd Long-Term Capital Lease Obligation Chart

Minox International Group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.82

0.49

0.27

0.80

0.93

Minox International Group Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Apr23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.80	1.17	0.93	2.92	2.62

Minox International Group Bhd (XKLS:0288) 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.

Minox International Group Bhd Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Minox International Group Bhd's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Minox International Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100

Website

https://www.minox.biz

Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

Minox International Group Bhd Headlines

No Headlines