Sin-Kung Logistics Bhd (XKLS:0305) Long-Term Capital Lease Obligation : RM12.83 Mil (As of Mar. 2025)

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What is Sin-Kung Logistics Bhd Long-Term Capital Lease Obligation?

Sin-Kung Logistics Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was RM12.83 Mil.

Sin-Kung Logistics Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (RM9.04 Mil) to Dec. 2024 (RM10.95 Mil) and increased from Dec. 2024 (RM10.95 Mil) to Mar. 2025 (RM12.83 Mil).

Sin-Kung Logistics Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (RM12.57 Mil) to Dec. 2023 (RM12.06 Mil) and declined from Dec. 2023 (RM12.06 Mil) to Dec. 2024 (RM10.95 Mil).

Sin-Kung Logistics Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sin-Kung Logistics 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.

Sin-Kung Logistics Bhd Long-Term Capital Lease Obligation Chart

Sin-Kung Logistics Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

5.47

7.20

12.57

12.06

10.95

Sin-Kung Logistics Bhd Quarterly Data
	Dec20	Dec21	Dec22	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	10.03	9.04	10.95	12.83

Sin-Kung Logistics Bhd (XKLS:0305) 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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Sin-Kung Logistics Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sin-Kung Logistics Bhd (XKLS:0305) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460

Website

https://www.sinkung.my

Sin-Kung Logistics Bhd is an integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services, and other logistics-related services. The company operates in Malaysia, and Overseas, like Asia, Europe, Middle East, People's Republic of China (PRC), Singapore, and Others, with the majority of revenue from Singapore.

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