Kim Hin Industry Bhd (XKLS:5371) Long-Term Capital Lease Obligation : RM12.6 Mil (As of Dec. 2024)

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What is Kim Hin Industry Bhd Long-Term Capital Lease Obligation?

Kim Hin Industry Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was RM12.6 Mil.

Kim Hin Industry Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (RM17.2 Mil) to Sep. 2024 (RM13.7 Mil) and declined from Sep. 2024 (RM13.7 Mil) to Dec. 2024 (RM12.6 Mil).

Kim Hin Industry Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (RM27.4 Mil) to Dec. 2023 (RM22.4 Mil) and declined from Dec. 2023 (RM22.4 Mil) to Dec. 2024 (RM12.6 Mil).

Kim Hin Industry Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kim Hin Industry 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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Kim Hin Industry Bhd Long-Term Capital Lease Obligation Chart

Kim Hin Industry Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.49

33.01

27.41

22.40

12.60

Kim Hin Industry Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.40	18.86	17.24	13.70	12.60

Kim Hin Industry Bhd (XKLS:5371) 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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Kim Hin Industry Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kim Hin Industry Bhd (XKLS:5371) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

4 1/2 Mile, Kung Phin Road, Off Penrissen Road, Kuching, SWK, MYS, 93250

Website

https://www.kimhin.com.my

Kim Hin Industry Bhd is a Malaysia-based investment holding company, engaged in the provision of management services. The group is involved in the production and distribution of ceramic floors, homogeneous and monoprosa tiles, trading in building materials, property, and investment holding. The company manufactures and markets tiles under the brands Kimgres, Durogres, Vitrogres, and Habitat. It is organized into four operating segments according to geographical locations, namely, Malaysia, China, Australia, and Vietnam segments of which the Malaysia segment contributed the majority of the part of its revenue. It has three manufacturing plants, of which two are located in Malaysia (Kuching, Sarawak, and Senawang, Seremban) and the third is located in Shanghai, People's Republic of China.

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