Innoprise Plantations Bhd (XKLS:6262) Long-Term Capital Lease Obligation : RM2.0 Mil (As of Jun. 2024)

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What is Innoprise Plantations Bhd Long-Term Capital Lease Obligation?

Innoprise Plantations Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was RM2.0 Mil.

Innoprise Plantations Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (RM2.0 Mil) to Mar. 2024 (RM2.0 Mil) but then stayed the same from Mar. 2024 (RM2.0 Mil) to Jun. 2024 (RM2.0 Mil).

Innoprise Plantations Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM2.1 Mil) to Dec. 2022 (RM2.1 Mil) and declined from Dec. 2022 (RM2.1 Mil) to Dec. 2023 (RM2.0 Mil).

Innoprise Plantations Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Innoprise Plantations 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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Innoprise Plantations Bhd Long-Term Capital Lease Obligation Chart

Innoprise Plantations Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.20

2.15

2.11

2.07

2.02

Innoprise Plantations Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.03	2.03	2.02	1.98	1.98

Innoprise Plantations Bhd (XKLS:6262) 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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Innoprise Plantations Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Innoprise Plantations Bhd (XKLS:6262) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Menara Tun Mustapha, 6th Floor, Likas Bay, Kota Kinabalu, SBH, MYS, 88400

Website

https://www.innoprise.com.my

Innoprise Plantations Bhd is engaged in the business of cultivation of oil palm. The company operates through two segments namely Palm and bio-integration and Corporate. Its Palm and bio-integration segment is involved in the cultivation of oil palm, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. Its Corporate segment consists of corporate services and treasury functions. The company generates maximum revenue from Palm and bio-integration segment.

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