AGX Group Bhd (XKLS:0299) Long-Term Capital Lease Obligation : RM3.0 Mil (As of Dec. 2022)

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What is AGX Group Bhd Long-Term Capital Lease Obligation?

AGX Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was RM3.0 Mil.

AGX Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 (RM3.0 Mil) to Dec. 2021 (RM5.9 Mil) but then declined from Dec. 2021 (RM5.9 Mil) to Dec. 2022 (RM3.0 Mil).

AGX Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (RM3.0 Mil) to Dec. 2021 (RM5.9 Mil) but then declined from Dec. 2021 (RM5.9 Mil) to Dec. 2022 (RM3.0 Mil).

AGX Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for AGX 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.

AGX Group Bhd Long-Term Capital Lease Obligation Chart

AGX Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

2.99

5.94

3.00

AGX Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	2.99	5.94	3.00

AGX Group Bhd (XKLS:0299) 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.

AGX Group Bhd Long-Term Capital Lease Obligation Related Terms

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AGX Group Bhd (XKLS:0299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGX Group Bhd (XKLS:0299) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan USJ 10/1A, Unit 1A-C and Unit 2A-C, 2nd Floor, Pusat Perniagaan USJ 10, UEP Subang Jaya, SGR, MYS, 47610

Website

https://www.agxlogistics.com

AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.

AGX Group Bhd (XKLS:0299) Headlines

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