Chin Teck Plantations Bhd (XKLS:1929) Long-Term Capital Lease Obligation : RM10.5 Mil (As of Feb. 2024)

View and export this data going back to 1970. Start your Free Trial

What is Chin Teck Plantations Bhd Long-Term Capital Lease Obligation?

Chin Teck Plantations Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM10.5 Mil.

Chin Teck Plantations Bhd's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (RM10.6 Mil) to Nov. 2023 (RM10.8 Mil) but then declined from Nov. 2023 (RM10.8 Mil) to Feb. 2024 (RM10.5 Mil).

Chin Teck Plantations Bhd's annual Long-Term Capital Lease Obligation stayed the same from Aug. 2021 (RM0.0 Mil) to Aug. 2022 (RM0.0 Mil) but then increased from Aug. 2022 (RM0.0 Mil) to Aug. 2023 (RM10.6 Mil).

Chin Teck Plantations Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chin Teck Plantations 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.

Chin Teck Plantations Bhd Long-Term Capital Lease Obligation Chart

Chin Teck Plantations Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

10.63

Chin Teck Plantations Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.07	10.26	10.63	10.82	10.55

Chin Teck Plantations Bhd (XKLS:1929) 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.

Chin Teck Plantations Bhd Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Chin Teck Plantations Bhd's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Chin Teck Plantations Bhd (XKLS:1929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chin Teck Plantations Bhd (XKLS:1929) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 2B, Level 3A, Jalan Stesen Sentral 5, Suite 2B-3A-2, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.chinteck.com.my

Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, process and sale of fresh fruit bunches, crude palm oil, and palm kernel and is predominantly carried out in Malaysia. The company has three cultivation lands in Malaysia namely, Jemima and Sungei Sendayan, Gua Musang, and Keratong. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatera Province, Sumatera, Republic of Indonesia.

Chin Teck Plantations Bhd (XKLS:1929) Headlines

No Headlines