CPE Technology Bhd (XKLS:5317) Long-Term Capital Lease Obligation : RM2.1 Mil (As of Jun. 2023)

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What is CPE Technology Bhd Long-Term Capital Lease Obligation?

CPE Technology Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was RM2.1 Mil.

CPE Technology Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2021 (RM4.0 Mil) to Jun. 2022 (RM6.8 Mil) but then declined from Jun. 2022 (RM6.8 Mil) to Jun. 2023 (RM2.1 Mil).

CPE Technology Bhd's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (RM4.0 Mil) to Jun. 2022 (RM6.8 Mil) but then declined from Jun. 2022 (RM6.8 Mil) to Jun. 2023 (RM2.1 Mil).

CPE Technology Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for CPE Technology 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.

CPE Technology Bhd Long-Term Capital Lease Obligation Chart

CPE Technology Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

1.83

2.11

4.03

6.81

2.15

CPE Technology Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Jun22	Jun23
Long-Term Capital Lease Obligation	1.83	2.11	4.03	6.81	2.15

CPE Technology Bhd (XKLS:5317) 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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CPE Technology Bhd (XKLS:5317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPE Technology Bhd (XKLS:5317) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 6, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800

Website

https://www.cpetbhd.com

CPE Technology Bhd is an engineering support services provider principally involved in the manufacturing of precision-machined parts and components and the provision of CNC machining services. The precision-machined parts and components are then used by its customers in different industries which include, but not limited to, semiconductors, life science and medical devices, sports equipment, sensor equipment and security industries in Malaysia and overseas. The company utilizes CNC machining as its primary process such as milling, turning and lathing before going through associated secondary processes which include, but not limited to, polishing, grinding and sandblasting to produce precision-machined parts and components from metal rods and blocks.

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