Northeast Group Bhd (XKLS:0325) Long-Term Capital Lease Obligation : RM0.44 Mil (As of May. 2024)

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

Northeast Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was RM0.44 Mil.

Northeast Group Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (RM2.38 Mil) to Sep. 2023 (RM1.43 Mil) and declined from Sep. 2023 (RM1.43 Mil) to May. 2024 (RM0.44 Mil).

Northeast Group Bhd's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (RM0.04 Mil) to Sep. 2022 (RM2.38 Mil) but then declined from Sep. 2022 (RM2.38 Mil) to Sep. 2023 (RM1.43 Mil).

Northeast Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northeast 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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Northeast Group Bhd Long-Term Capital Lease Obligation Chart

Northeast Group Bhd Annual Data

Trend

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.04

2.38

1.43

Northeast Group Bhd Quarterly Data
	Sep21	Sep22	Sep23	May24
Long-Term Capital Lease Obligation	0.04	2.38	1.43	0.44

Northeast Group Bhd (XKLS:0325) 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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Northeast Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northeast Group Bhd (XKLS:0325) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1946, Lorong IKS Bukit Minyak 1, Taman IKS Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website

https://www.northeast.my

Northeast Group Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the manufacturing of precision engineering components used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries. Precision engineering components are parts that are precisely machined in exact and accurate dimensions (i.e. tolerances for variation of up to a single-digit micron range) to be further processed and/or assembled to form end-products by its customers.

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