ICT Zone Asia Bhd (XKLS:03038) Long-Term Capital Lease Obligation : RM11.5 Mil (As of Jul. 2024)

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What is ICT Zone Asia Bhd Long-Term Capital Lease Obligation?

ICT Zone Asia Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was RM11.5 Mil.

ICT Zone Asia Bhd's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (RM0.0 Mil) to Jan. 2024 (RM8.5 Mil) and increased from Jan. 2024 (RM8.5 Mil) to Jul. 2024 (RM11.5 Mil).

ICT Zone Asia Bhd's annual Long-Term Capital Lease Obligation stayed the same from Jan. 2022 (RM0.0 Mil) to Jan. 2023 (RM0.0 Mil) but then increased from Jan. 2023 (RM0.0 Mil) to Jan. 2024 (RM8.5 Mil).

ICT Zone Asia Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for ICT Zone 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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ICT Zone Asia Bhd Long-Term Capital Lease Obligation Chart

ICT Zone Asia Bhd Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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0.05

0.04

8.47

ICT Zone Asia Bhd Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	8.47	11.52

ICT Zone Asia Bhd (XKLS:03038) 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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ICT Zone Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICT Zone Asia Bhd (XKLS:03038) » Definitions » Long-Term Capital Lease Obligation

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03038P.PFD:Malaysia

Address

Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ictzone.asia

ICT Zone Asia Bhd is an investment holding company. The company operates in the following segments: Technology financing, which involves technology financing involves operating lease of ICT hardware and software; Trading includes outright sales of ICT hardware and software and disposal of ICT assets; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; and Cloud solution and service segment includes the provision of customized cloud services with architecture solution and outright sales of ICT hardware and software for cloud solution.

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