Dayang Enterprise Holdings Bhd (XKLS:5141) Long-Term Capital Lease Obligation : RM8 Mil (As of Mar. 2024)

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What is Dayang Enterprise Holdings Bhd Long-Term Capital Lease Obligation?

Dayang Enterprise Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM8 Mil.

Dayang Enterprise Holdings Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM6 Mil) to Dec. 2023 (RM6 Mil) but then increased from Dec. 2023 (RM6 Mil) to Mar. 2024 (RM8 Mil).

Dayang Enterprise Holdings Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM5 Mil) to Dec. 2022 (RM5 Mil) and increased from Dec. 2022 (RM5 Mil) to Dec. 2023 (RM6 Mil).

Dayang Enterprise Holdings Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dayang Enterprise Holdings 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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Dayang Enterprise Holdings Bhd Long-Term Capital Lease Obligation Chart

Dayang Enterprise Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.03

4.88

5.28

5.75

Dayang Enterprise Holdings 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															4.65	6.77	6.21	5.75	7.96

Dayang Enterprise Holdings Bhd (XKLS:5141) 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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Dayang Enterprise Holdings Bhd (XKLS:5141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dayang Enterprise Holdings Bhd (XKLS:5141) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Taman Raja MCLD, Sublot 5 - 10, Lot 46, Block 10, Miri, SWK, MYS, 98000

Website

https://www.desb.net

Dayang Enterprise Holdings Bhd is an investment holding company. Its operating segments include Topside maintenance services and Marine offshore support services. Topside maintenance services include the provision of offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services for oil and gas companies. Marine offshore support services involve chartering of marine vessels and the provision of related support services, as well as catering of food and beverage. Dayang generates the majority of its revenues from Topside maintenance services.

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