AEON Credit Service (M) Bhd (XKLS:5139) Long-Term Capital Lease Obligation : RM28 Mil (As of Feb. 2024)

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What is AEON Credit Service (M) Bhd Long-Term Capital Lease Obligation?

AEON Credit Service (M) Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM28 Mil.

AEON Credit Service (M) Bhd's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (RM14 Mil) to Nov. 2023 (RM16 Mil) and increased from Nov. 2023 (RM16 Mil) to Feb. 2024 (RM28 Mil).

AEON Credit Service (M) Bhd's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (RM27 Mil) to Feb. 2023 (RM20 Mil) but then increased from Feb. 2023 (RM20 Mil) to Feb. 2024 (RM28 Mil).

AEON Credit Service (M) Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for AEON Credit Service (M) 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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AEON Credit Service (M) Bhd Long-Term Capital Lease Obligation Chart

AEON Credit Service (M) Bhd Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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52.04

35.80

26.80

20.39

28.17

AEON Credit Service (M) Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.39	16.80	14.28	15.89	28.17

AEON Credit Service (M) Bhd (XKLS:5139) 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.

AEON Credit Service (M) Bhd Long-Term Capital Lease Obligation Related Terms

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AEON Credit Service (M) Bhd (XKLS:5139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Credit Service (M) Bhd (XKLS:5139) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Jalan Kerinchi, Avenue 10, Level 18, UOA Corporate Tower, The Vertical, Bangsar South City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.aeoncredit.com.my

AEON Credit Service (M) Bhd offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.

AEON Credit Service (M) Bhd (XKLS:5139) Headlines

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