Olympia Industries Bhd (XKLS:3018) Long-Term Capital Lease Obligation : RM3.20 Mil (As of Mar. 2024)

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What is Olympia Industries Bhd Long-Term Capital Lease Obligation?

Olympia Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM3.20 Mil.

Olympia Industries Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM1.95 Mil) to Dec. 2023 (RM3.40 Mil) but then declined from Dec. 2023 (RM3.40 Mil) to Mar. 2024 (RM3.20 Mil).

Olympia Industries Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM2.44 Mil) to Dec. 2022 (RM2.31 Mil) but then increased from Dec. 2022 (RM2.31 Mil) to Dec. 2023 (RM3.40 Mil).

Olympia Industries Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Olympia Industries 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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Olympia Industries Bhd Long-Term Capital Lease Obligation Chart

Olympia Industries Bhd Annual Data

Trend

Jun13

Jun14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.02

2.72

2.44

2.31

3.40

Olympia Industries Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.19	2.06	1.95	3.40	3.20

Olympia Industries Bhd (XKLS:3018) 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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Olympia Industries Bhd (XKLS:3018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Olympia Industries Bhd (XKLS:3018) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8, Jalan Raja Chulan, Level 24, Menara Olympia, Kuala Lumpur, SGR, MYS, 50200

Website

https://www.oib.com.my

Olympia Industries Bhd is an investment holding company. The company's operating segments include Leasing; Property development; Gaming; and Investment holding and dormant. It generates maximum revenue from the Gaming segment. The Gaming segment includes organising, managing, and sales of numbers forecast pools and public lotteries. The Property development segment includes the development of residential and commercial properties. The Leasing segment includes the rental of office and retail spaces and other related activities. The Investment holding and dormant segment includes investment holding and other business units include trading and retailing business. Geographically, it derives revenue from Malaysia.

Olympia Industries Bhd (XKLS:3018) Headlines

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