Southern Steel Bhd (XKLS:5665) Long-Term Capital Lease Obligation : RM8 Mil (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Southern Steel Bhd Long-Term Capital Lease Obligation?

Southern Steel Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM8 Mil.

Southern Steel Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM8 Mil) to Dec. 2023 (RM8 Mil) and declined from Dec. 2023 (RM8 Mil) to Mar. 2024 (RM8 Mil).

Southern Steel Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM22 Mil) to Jun. 2022 (RM11 Mil) and declined from Jun. 2022 (RM11 Mil) to Jun. 2023 (RM9 Mil).

Southern Steel Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Southern Steel 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.

Southern Steel Bhd Long-Term Capital Lease Obligation Chart

Southern Steel 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

25.62

21.93

10.97

8.83

Southern Steel 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															9.37	8.83	8.27	7.72	7.59

Southern Steel Bhd (XKLS:5665) 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.

Southern Steel Bhd Long-Term Capital Lease Obligation Related Terms

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

Southern Steel Bhd (XKLS:5665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Steel Bhd (XKLS:5665) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435, Lorong Perusahaan 12, Prai Industrial Estate, Prai, PNG, MYS, 13600

Website

https://www.southsteel.com

Southern Steel Bhd is an investment holding company. The company's operating segment includes Steel products and Investment holding and others and Hot rolled coil operations. Its Steel products segment includes manufacturing, sale, and trading in billets, steel bars, wire rods, wire mesh, pre-stressed concrete strands, bars and wires, steel pipes, steel wires, and other related products. Geographically, the group has its business in the regions of Malaysia, Taiwan, Papua New Guinea , Philippines, Bangladesh, Japan, Singapore, Indonesia, the United States of America, Australian and others of which majority of the revenue is derived from the Malaysia region.

Southern Steel Bhd (XKLS:5665) Headlines

No Headlines