Heitech Padu Bhd (XKLS:5028) Long-Term Capital Lease Obligation : RM39.2 Mil (As of Mar. 2024)

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What is Heitech Padu Bhd Long-Term Capital Lease Obligation?

Heitech Padu Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM39.2 Mil.

Heitech Padu Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM1.5 Mil) to Dec. 2023 (RM39.8 Mil) but then declined from Dec. 2023 (RM39.8 Mil) to Mar. 2024 (RM39.2 Mil).

Heitech Padu Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM5.8 Mil) to Dec. 2022 (RM4.2 Mil) but then increased from Dec. 2022 (RM4.2 Mil) to Dec. 2023 (RM39.8 Mil).

Heitech Padu Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Heitech Padu 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.

Heitech Padu Bhd Long-Term Capital Lease Obligation Chart

Heitech Padu Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.09

9.46

5.79

4.22

39.82

Heitech Padu 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															3.18	2.36	1.49	39.82	39.18

Heitech Padu Bhd (XKLS:5028) 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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Heitech Padu Bhd (XKLS:5028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Heitech Padu Bhd (XKLS:5028) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Persiaran Kewajipan, USJ 1, Level 15, HeiTech Village, UEP Subang Jaya, Subang Jaya, Selangor Darul Ehsan, MYS, 47600

Website

https://www.heitech.com.my

Heitech Padu Bhd offers systems integration, network related services, data centre management, disaster recovery services, and other information technology related services. The group is reorganized based on business maturity and is segregated as Core 1, which offers system integration and application development focusing on business acquisition for largely the Public Sector market. Core 2, which represents various offerings in different sectors by the group's subsidiaries; and Core 3, which carries the offerings for business acquisition mainly for the transport, financial services, and other segments. Geographically, it operates in Malaysia, Australia, and Indonesia. It has three operating segments: Information technology; Mailing and document processing services and Engineering works.

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