IJM Bhd (XKLS:3336) Long-Term Capital Lease Obligation : RM55 Mil (As of Dec. 2023)

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What is IJM Bhd Long-Term Capital Lease Obligation?

IJM Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM55 Mil.

IJM Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM51 Mil) to Sep. 2023 (RM50 Mil) but then increased from Sep. 2023 (RM50 Mil) to Dec. 2023 (RM55 Mil).

IJM Bhd's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (RM138 Mil) to Mar. 2022 (RM153 Mil) and increased from Mar. 2022 (RM153 Mil) to Mar. 2023 (RM186 Mil).

IJM Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for IJM 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.

IJM Bhd Long-Term Capital Lease Obligation Chart

IJM Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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89.70

139.11

137.69

153.34

186.20

IJM Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															29.78	186.20	51.22	50.26	54.56

IJM Bhd (XKLS:3336) 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.

IJM Bhd Long-Term Capital Lease Obligation Related Terms

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IJM Bhd (XKLS:3336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » IJM Corp Bhd (XKLS:3336) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Jalan Yong Shook Lin, 2nd Floor, Wisma IJM, Petaling Jaya, SGR, MYS, 46050

Website

https://www.ijm.com

IJM Corp Bhd is an investment holding company. It constructs hotels, residential complexes, highways and transportation systems, and other large industrial structures. In addition, the company provides construction materials for in-house support and external customers. It utilizes quarry operations, ready-mixed concrete, scaffolding, and other supplies to provide reliable solutions. IJM has five operating segments: Construction, Property development, Manufacturing and quarrying, Infrastructure and Investment and others. The majority of the company's revenue is derived from Malaysia.

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