Jaks Resources Bhd (XKLS:4723) Long-Term Capital Lease Obligation : RM1.26 Mil (As of Dec. 2023)

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What is Jaks Resources Bhd Long-Term Capital Lease Obligation?

Jaks Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.26 Mil.

Jaks Resources Bhd's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (RM0.00 Mil) to Sep. 2023 (RM0.00 Mil) but then increased from Sep. 2023 (RM0.00 Mil) to Dec. 2023 (RM1.26 Mil).

Jaks Resources Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.26 Mil) to Dec. 2022 (RM0.09 Mil) but then increased from Dec. 2022 (RM0.09 Mil) to Dec. 2023 (RM1.26 Mil).

Jaks Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jaks Resources 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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Jaks Resources Bhd Long-Term Capital Lease Obligation Chart

Jaks Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.23

0.13

0.26

0.09

1.26

Jaks Resources 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															0.09	-	-	-	1.26

Jaks Resources Bhd (XKLS:4723) 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.

Jaks Resources Bhd Long-Term Capital Lease Obligation Related Terms

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Jaks Resources Bhd (XKLS:4723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jaks Resources Bhd (XKLS:4723) » Definitions » Long-Term Capital Lease Obligation

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Address

Jalan 13/6, Pacific Towers, Unit B-09-28, Tower B, Section 13, Petaling Jaya, SGR, MYS, 46200

Website

https://www.jaks.com.my

Jaks Resources Bhd is an investment holding company. It is organized into five segments: Manufacturing segment, which comprises mainly manufacturing of pipes; Trading segment comprising trading in sheet piles, steel bars, mild steel, and special pipes, other steel related products, building materials, and supply of products for water supply industry; Construction segment, which is the key revenue driver, mainly includes the provision of sub-contracting activities, general contractor, supplier of building materials and others; Property Development and Property Investment segment engaged in the development of residential and commercial properties and management of development shopping mall; and Others. Its geographical segments include Malaysia and Vietnam.

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