Hiap Teck Venture Bhd (XKLS:5072) Long-Term Capital Lease Obligation : RM3 Mil (As of Jan. 2024)

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What is Hiap Teck Venture Bhd Long-Term Capital Lease Obligation?

Hiap Teck Venture Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM3 Mil.

Hiap Teck Venture Bhd's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (RM3 Mil) to Oct. 2023 (RM3 Mil) and declined from Oct. 2023 (RM3 Mil) to Jan. 2024 (RM3 Mil).

Hiap Teck Venture Bhd's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (RM0 Mil) to Jul. 2022 (RM4 Mil) but then declined from Jul. 2022 (RM4 Mil) to Jul. 2023 (RM3 Mil).

Hiap Teck Venture Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hiap Teck Venture 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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Hiap Teck Venture Bhd Long-Term Capital Lease Obligation Chart

Hiap Teck Venture Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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3.09

0.32

0.12

4.24

3.37

Hiap Teck Venture Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.88	3.59	3.37	3.14	2.92

Hiap Teck Venture Bhd (XKLS:5072) 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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Hiap Teck Venture Bhd (XKLS:5072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hiap Teck Venture Bhd (XKLS:5072) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.htgrp.com.my

Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

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