Hengyuan Refining Co Bhd (XKLS:4324) Long-Term Capital Lease Obligation : RM0 Mil (As of Mar. 2024)

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What is Hengyuan Refining Co Bhd Long-Term Capital Lease Obligation?

Hengyuan Refining Co Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0 Mil.

Hengyuan Refining Co Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0 Mil) to Dec. 2023 (RM0 Mil) but then declined from Dec. 2023 (RM0 Mil) to Mar. 2024 (RM0 Mil).

Hengyuan Refining Co Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM8 Mil) to Dec. 2022 (RM1 Mil) and declined from Dec. 2022 (RM1 Mil) to Dec. 2023 (RM0 Mil).

Hengyuan Refining Co Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hengyuan Refining Co 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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Hengyuan Refining Co Bhd Long-Term Capital Lease Obligation Chart

Hengyuan Refining Co Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.42

15.80

8.11

0.87

0.16

Hengyuan Refining Co 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															0.31	0.01	-	0.16	0.11

Hengyuan Refining Co Bhd (XKLS:4324) 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.

Hengyuan Refining Co Bhd Long-Term Capital Lease Obligation Related Terms

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Hengyuan Refining Co Bhd (XKLS:4324) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hengyuan Refining Co Bhd (XKLS:4324) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Batu 1, Jalan Pantai, Port Dickson, NSN, MYS, 71000

Website

http://www.hrc.com.my

Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, two reformers, and a gasoil treatment plant. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene. Majority of its revenue is derived from the sale of refined petroleum products.

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