Lion Industries Bhd (XKLS:4235) Long-Term Capital Lease Obligation : RM31 Mil (As of Jun. 2024)

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

Lion Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RM31 Mil.

Lion Industries Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (RM15 Mil) to Mar. 2024 (RM14 Mil) but then increased from Mar. 2024 (RM14 Mil) to Jun. 2024 (RM31 Mil).

Lion Industries Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2020 (RM68 Mil) to Dec. 2022 (RM18 Mil) and declined from Dec. 2022 (RM18 Mil) to Dec. 2023 (RM15 Mil).

Lion Industries Bhd Long-Term Capital Lease Obligation Historical Data

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

Lion Industries Bhd Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

Long-Term Capital Lease Obligation

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41.98

68.12

17.56

15.14

Lion Industries Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.00	8.78	15.14	13.64	30.77

Lion Industries Bhd (XKLS:4235) 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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Lion Industries Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lion Industries Corp Bhd (XKLS:4235) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 1 Jalan Nagasari, Level 14, Lion Office Tower, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50200

Website

https://www.lion.com.my

Lion Industries Corp Bhd is an investment holding company. The company's business segments are steel, building materials, and others. Its steel segment engaged in manufacturing and marketing of steel bars, wire rods, hot briquetted iron, and steel related products. The building materials segment consists of trading and distribution of building materials and other steel products. Other segment involves in investment holding, treasury business, manufacture and trading of lubricants, spark plugs and provision of transportation services, agriculture, distributing and retailing of consumer products. The company generates maximum revenue from the Steel segment. Geographically, it derives a majority of the revenue from Malaysia.

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