EITA Resources Bhd (XKLS:5208) Long-Term Capital Lease Obligation : RM2.5 Mil (As of Mar. 2024)

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What is EITA Resources Bhd Long-Term Capital Lease Obligation?

EITA Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM2.5 Mil.

EITA Resources Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM3.2 Mil) to Dec. 2023 (RM2.9 Mil) and declined from Dec. 2023 (RM2.9 Mil) to Mar. 2024 (RM2.5 Mil).

EITA Resources Bhd's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (RM3.6 Mil) to Sep. 2022 (RM3.4 Mil) and declined from Sep. 2022 (RM3.4 Mil) to Sep. 2023 (RM3.2 Mil).

EITA Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for EITA 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.

* Premium members only.

EITA Resources Bhd Long-Term Capital Lease Obligation Chart

EITA Resources Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.92

3.30

3.64

3.42

3.21

EITA Resources 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															2.83	3.68	3.21	2.87	2.50

EITA Resources Bhd (XKLS:5208) 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.

EITA Resources Bhd Long-Term Capital Lease Obligation Related Terms

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EITA Resources Bhd (XKLS:5208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EITA Resources Bhd (XKLS:5208) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Lot 4, Block A, Jalan SS13/7, Subang Jaya Industrial Estate, Subang Jaya, SGR, MYS, 47500

Website

http://www.eita.com.my

EITA Resources Bhd is an investment holding company. The business of the company operates through various segments that are Design & Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus ducts; Marketing & Distribution, which includes purchasing, marketing, and distributing electrical and electronic components; Services, which is into the maintenance of elevator systems and carrying out civil, electrical, and general construction works; and High Voltage system, which carries out electrical engineering, and general construction work. Its products include elevators, power equipment, cabling, control equipment, security, green technology, and lighting & surge protection system. Its geographical segments are Malaysia, ASEAN, the Middle East, and others.

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