South Malaysia Industries Bhd (XKLS:4375) Long-Term Capital Lease Obligation : RM0.16 Mil (As of Dec. 2023)

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What is South Malaysia Industries Bhd Long-Term Capital Lease Obligation?

South Malaysia Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.16 Mil.

South Malaysia Industries Bhd's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (RM0.14 Mil) to Sep. 2023 (RM0.17 Mil) but then declined from Sep. 2023 (RM0.17 Mil) to Dec. 2023 (RM0.16 Mil).

South Malaysia Industries Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2018 (RM0.17 Mil) to Dec. 2019 (RM0.05 Mil) and declined from Dec. 2019 (RM0.05 Mil) to Dec. 2020 (RM0.00 Mil).

South Malaysia Industries Bhd Long-Term Capital Lease Obligation Historical Data

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

South Malaysia Industries Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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0.51

0.38

0.17

0.05

South Malaysia Industries Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.11	0.08	0.14	0.17	0.16

South Malaysia Industries Bhd (XKLS:4375) 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.

South Malaysia Industries Bhd Long-Term Capital Lease Obligation Related Terms

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South Malaysia Industries Bhd (XKLS:4375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » South Malaysia Industries Bhd (XKLS:4375) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 6, Lorong P. Ramlee, 15th Floor, Menara SMI, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50250

Website

http://www.smib.com.my

South Malaysia Industries Bhd is a Malaysia-based company, which is engaged in property and investment holding, trading, property development, and provision of management services. Its operating segments cover Property development; Property and investment holding; and Manufacturing and trading. The Property Development segment is engaged in the development and sale of residential and commercial properties. The Property and Investment holding segment is engaged in investment in properties, car park management and operations, and holding companies. The Manufacturing and trading segment is engaged in the manufacturing and trading of assorted wires, and it generates the majority of revenue. Geographically the group operates only in Malaysia.

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