Alam Maritim Resources Bhd (XKLS:5115) Long-Term Capital Lease Obligation : RM0.0 Mil (As of Mar. 2024)

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What is Alam Maritim Resources Bhd Long-Term Capital Lease Obligation?

Alam Maritim Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.0 Mil.

Alam Maritim Resources Bhd's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (RM0.0 Mil) to Dec. 2023 (RM0.0 Mil) and stayed the same from Dec. 2023 (RM0.0 Mil) to Mar. 2024 (RM0.0 Mil).

Alam Maritim Resources Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (RM0.4 Mil) to Jun. 2022 (RM0.0 Mil) and declined from Jun. 2022 (RM0.0 Mil) to Jun. 2023 (RM0.0 Mil).

Alam Maritim Resources Bhd Long-Term Capital Lease Obligation Historical Data

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

Alam Maritim Resources Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.79

0.35

0.36

0.04

0.01

Alam Maritim Resources Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.01	0.01	0.01	0.01

Alam Maritim Resources Bhd (XKLS:5115) 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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Alam Maritim Resources Bhd (XKLS:5115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alam Maritim Resources Bhd (XKLS:5115) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No. 38F, Level 3, Jalan Radin Anum, Bandar Baru Sri Petaling, Kuala Lumpur, MYS, 57000

Website

http://www.alam-maritim.com.my

Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates in two business segments: Offshore Support Vessels and Services, and Subsea Services. Its Offshore support vessels and services segment which engages in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.

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