Pestech International Bhd (XKLS:5219) Long-Term Capital Lease Obligation : RM10.2 Mil (As of Dec. 2023)

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What is Pestech International Bhd Long-Term Capital Lease Obligation?

Pestech International Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM10.2 Mil.

Pestech International Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (RM10.9 Mil) to Mar. 2023 (RM10.3 Mil) and declined from Mar. 2023 (RM10.3 Mil) to Dec. 2023 (RM10.2 Mil).

Pestech International Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2019 (RM4.9 Mil) to Jun. 2020 (RM4.3 Mil) but then increased from Jun. 2020 (RM4.3 Mil) to Jun. 2021 (RM11.0 Mil).

Pestech International Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pestech International 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.

Pestech International Bhd Long-Term Capital Lease Obligation Chart

Pestech International Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

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0.65

0.58

4.92

4.35

10.96

Pestech International Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.58	11.61	10.92	10.30	10.20

Pestech International Bhd (XKLS:5219) 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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Pestech International Bhd (XKLS:5219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Pestech International Bhd (XKLS:5219) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 26, Jalan Utarid U5/14, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.pestech-international.com

Pestech International Bhd is an electrical power technology company. It is engaged in the engineering, procurement, manufacturing, construction and commissioning of power substations and transmission lines in Malaysia and overseas. It operates through the Investment; and Engineering, Procurement, Manufacturing, Construction, and Commission (EPMCC), and Product segments. It delivers power plant automation and electrification solutions and railway system work packages including rail electrification, signalling and communication system. Most of its revenue gets derived from EPMCC segment.

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