Choo Bee Metal Industries Bhd (XKLS:5797) Long-Term Capital Lease Obligation : RM2.6 Mil (As of Mar. 2024)

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What is Choo Bee Metal Industries Bhd Long-Term Capital Lease Obligation?

Choo Bee Metal Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM2.6 Mil.

Choo Bee Metal Industries Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.5 Mil) to Dec. 2023 (RM3.1 Mil) but then declined from Dec. 2023 (RM3.1 Mil) to Mar. 2024 (RM2.6 Mil).

Choo Bee Metal Industries Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM1.6 Mil) to Dec. 2022 (RM1.4 Mil) but then increased from Dec. 2022 (RM1.4 Mil) to Dec. 2023 (RM3.1 Mil).

Choo Bee Metal Industries Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Choo Bee Metal Industries 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.

Choo Bee Metal Industries Bhd Long-Term Capital Lease Obligation Chart

Choo Bee Metal Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.49

2.53

1.58

1.44

3.06

Choo Bee Metal Industries 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															1.05	0.65	0.54	3.06	2.64

Choo Bee Metal Industries Bhd (XKLS:5797) 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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Choo Bee Metal Industries Bhd (XKLS:5797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Choo Bee Metal Industries Bhd (XKLS:5797) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Bendahara, Wisma Soon Teik Aun, Ipoh, PRK, MYS, 31650

Website

https://www.choobee.com

Choo Bee Metal Industries Bhd is a Malaysian-based company engaged in the processing of steel coils into steel products, fabrication of steel products, and trading of hardware products. The firm manufactures steel products for oil and gas applications, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products, and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The group is organized into trading and manufacturing segments in which Trading segments derive a majority of its revenue. Geographically, it derives the majority of its revenue from Malaysia.

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