Globaltec Formation Bhd (XKLS:5220) Long-Term Capital Lease Obligation : RM2.1 Mil (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Globaltec Formation Bhd Long-Term Capital Lease Obligation?

Globaltec Formation Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM2.1 Mil.

Globaltec Formation Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM2.8 Mil) to Dec. 2023 (RM2.4 Mil) and declined from Dec. 2023 (RM2.4 Mil) to Mar. 2024 (RM2.1 Mil).

Globaltec Formation Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM0.8 Mil) to Jun. 2022 (RM0.7 Mil) but then increased from Jun. 2022 (RM0.7 Mil) to Jun. 2023 (RM3.0 Mil).

Globaltec Formation Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Globaltec Formation 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.

Globaltec Formation Bhd Long-Term Capital Lease Obligation Chart

Globaltec Formation Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.58

2.01

0.82

0.72

3.02

Globaltec Formation 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															3.44	3.02	2.79	2.35	2.15

Globaltec Formation Bhd (XKLS:5220) 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.

Globaltec Formation Bhd Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Globaltec Formation Bhd's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Globaltec Formation Bhd (XKLS:5220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Globaltec Formation Bhd (XKLS:5220) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A, Jalan Stesen Sentral 2, Unit 23A-12, Menara Q Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

http://www.globaltec.com.my

Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company has operations in many countries, but it generates the majority of its revenue from the IMS segment.

Globaltec Formation Bhd (XKLS:5220) Headlines

No Headlines