Hong Leong Financial Group Bhd (XKLS:1082) Long-Term Capital Lease Obligation : RM0 Mil (As of Mar. 2024)

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What is Hong Leong Financial Group Bhd Long-Term Capital Lease Obligation?

Hong Leong Financial Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0 Mil.

Hong Leong Financial Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Leong Financial 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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Hong Leong Financial Group Bhd Long-Term Capital Lease Obligation Chart

Hong Leong Financial Group Bhd Annual Data

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Long-Term Capital Lease Obligation

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Hong Leong Financial Group Bhd Quarterly Data
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Hong Leong Financial Group Bhd (XKLS:1082) 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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Hong Leong Financial Group Bhd (XKLS:1082) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hong Leong Financial Group Bhd (XKLS:1082) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 6, Jalan Damanlela, Level 30, Menara Hong Leong, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490

Website

http://www.hlfg.com.my

Hong Leong Financial Group Bhd is a Malaysia-based conglomerate that is involved in a diversified range of businesses, including banking and financial services, manufacturing and distribution, hospitality and leisure, property development and investments, and principal investments. The company's reportable segments consist of Commercial banking, Investment banking and asset management, Insurance, and the other operations segment that contains investment holding and provision of management services. The commercial banking segment accounts for the majority of total revenue. The firm's business operations are concentrated in Malaysia.

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