MBM Resources Bhd (XKLS:5983) Long-Term Capital Lease Obligation : RM1 Mil (As of Mar. 2024)

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What is MBM Resources Bhd Long-Term Capital Lease Obligation?

MBM Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM1 Mil.

MBM Resources Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM1 Mil) to Dec. 2023 (RM2 Mil) but then declined from Dec. 2023 (RM2 Mil) to Mar. 2024 (RM1 Mil).

MBM Resources Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM1 Mil) to Dec. 2022 (RM1 Mil) and increased from Dec. 2022 (RM1 Mil) to Dec. 2023 (RM2 Mil).

MBM Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for MBM Resources 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.

MBM Resources Bhd Long-Term Capital Lease Obligation Chart

MBM Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.54

1.77

0.71

1.34

1.66

MBM Resources 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															0.91	1.72	1.26	1.66	1.47

MBM Resources Bhd (XKLS:5983) 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.

MBM Resources Bhd Long-Term Capital Lease Obligation Related Terms

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MBM Resources Bhd (XKLS:5983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MBM Resources Bhd (XKLS:5983) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-01, Level 23, Menara MBMR, 1 Jalan Syed Putra, Kuala Lumpur, MYS, 58000

Website

https://www.mbmr.com.my

MBM Resources Bhd is a Malaysian company that is in the business of motor trading and manufacturing auto parts. It has Motor trading, Auto parts manufacturing, and Other segments. The motor trading segment covers the marketing and distribution of motor vehicles, spare parts, and the provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration, and harshness products, and provision of tyre assembly services. The motor trading segment generates majority of the revenues for the company.

MBM Resources Bhd (XKLS:5983) Headlines

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