Go Innovate Asia Bhd (XKLS:03028) Long-Term Capital Lease Obligation : RM0 Mil (As of Dec. 2024)

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What is Go Innovate Asia Bhd Long-Term Capital Lease Obligation?

Go Innovate Asia Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was RM0 Mil.

Go Innovate Asia Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (RM0 Mil) to Jun. 2024 (RM0 Mil) and declined from Jun. 2024 (RM0 Mil) to Dec. 2024 (RM0 Mil).

Go Innovate Asia Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (RM0 Mil) to Dec. 2023 (RM0 Mil) and declined from Dec. 2023 (RM0 Mil) to Dec. 2024 (RM0 Mil).

Go Innovate Asia Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Go Innovate Asia 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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Go Innovate Asia Bhd Long-Term Capital Lease Obligation Chart

Go Innovate Asia Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.08

0.07

0.02

Go Innovate Asia Bhd Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.02	0.02	0.02	0.01	-

Go Innovate Asia Bhd (XKLS:03028) 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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Go Innovate Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Go Innovate Asia Bhd (XKLS:03028) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No.19-1, Jalan USJ 10/1D, Subang Jaya, Kuala Lumpur, SGR, MYS, 47620

Website

https://www.ace2u.com

Go Innovate Asia Bhd Formerly Ace Innovate Asia Bhd is a gold bullion trader based in Malaysia. The company trades in physical gold products such as scrap gold bars, cast gold bars and minted gold bars. It is also involved in assaying services as well as participate as a market maker for Bursa Malaysia Derivatives Gold Futures Contract and PT Bursa Komoditi dan Derivatif Indonesia. Its segments include Bullion trading of physical gold products and Provision of related products and services.

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