EPB Group Bhd (XKLS:0317) Long-Term Capital Lease Obligation : RM0.4 Mil (As of Dec. 2023)

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

EPB Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.4 Mil.

EPB Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0.3 Mil) to Dec. 2022 (RM0.8 Mil) but then declined from Dec. 2022 (RM0.8 Mil) to Dec. 2023 (RM0.4 Mil).

EPB Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0.3 Mil) to Dec. 2022 (RM0.8 Mil) but then declined from Dec. 2022 (RM0.8 Mil) to Dec. 2023 (RM0.4 Mil).

EPB Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for EPB 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.

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EPB Group Bhd Long-Term Capital Lease Obligation Chart

EPB Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.71

0.31

0.81

0.43

EPB Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	0.71	0.31	0.81	0.43

EPB Group Bhd (XKLS:0317) 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.

EPB Group Bhd Long-Term Capital Lease Obligation Related Terms

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EPB Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EPB Group Bhd (XKLS:0317) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perindustrian Bukit Minyak 18, PMT 1186, Taman Perindustrian Bukit Minyak, Penang Science Park, Ampat, Pulau Pinang, Simpang, MYS, 14100

Website

https://www.epb.group

EPB Group Bhd is a one-stop provider of food processing and packaging machinery solutions. It is involved in the design, customisation, fabrication, integration and automation of production lines for food manufacturing and processing companies, based on customers needs, also involved in the trading of cellulose casings, as well as manufacturing and trading of flexible packaging materials.

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