Ann Joo Resources Bhd (XKLS:6556) Long-Term Capital Lease Obligation : RM8 Mil (As of Dec. 2023)

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What is Ann Joo Resources Bhd Long-Term Capital Lease Obligation?

Ann Joo Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM8 Mil.

Ann Joo Resources Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM9 Mil) to Sep. 2023 (RM9 Mil) and declined from Sep. 2023 (RM9 Mil) to Dec. 2023 (RM8 Mil).

Ann Joo Resources Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM7 Mil) to Dec. 2022 (RM7 Mil) but then increased from Dec. 2022 (RM7 Mil) to Dec. 2023 (RM8 Mil).

Ann Joo Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ann Joo 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.

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Ann Joo Resources Bhd Long-Term Capital Lease Obligation Chart

Ann Joo Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.46

8.15

7.03

6.78

8.24

Ann Joo Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.78	9.21	8.85	8.63	8.24

Ann Joo Resources Bhd (XKLS:6556) 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.

Ann Joo Resources Bhd Long-Term Capital Lease Obligation Related Terms

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Ann Joo Resources Bhd (XKLS:6556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ann Joo Resources Bhd (XKLS:6556) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

6556PA.PFD:Malaysia

Address

Jalan Klang Lama, Batu 8 1/2, Wisma Ann Joo, Lot 19391, Petaling Jaya, SGR, MYS, 46000

Website

https://www.annjoo.com.my

Ann Joo Resources Bhd is mainly engaged in the manufacturing and trading of steel and steel-related products. The business activity of the group is divided into four segments: Upstream steel division which includes Manufacturing and trading of iron, steel, and steel-related products; Downstream steel division which engaged in Trading of steel and steel-related products, hardware, building and construction materials and operations of steel service centers; Green technology division which include Project management and contract services for solar and other renewable energy business as well as waste management services; and Investment Holding, property management and others. Geographically, it derives a majority of its revenue from Malaysia.

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