ASTEEL Group Bhd (XKLS:7020) Long-Term Capital Lease Obligation : RM3.6 Mil (As of Mar. 2025)

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What is ASTEEL Group Bhd Long-Term Capital Lease Obligation?

ASTEEL Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was RM3.6 Mil.

ASTEEL Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (RM4.5 Mil) to Dec. 2024 (RM9.1 Mil) but then declined from Dec. 2024 (RM9.1 Mil) to Mar. 2025 (RM3.6 Mil).

ASTEEL Group Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (RM11.4 Mil) to Dec. 2023 (RM10.4 Mil) and declined from Dec. 2023 (RM10.4 Mil) to Dec. 2024 (RM9.1 Mil).

ASTEEL Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for ASTEEL Group 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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ASTEEL Group Bhd Long-Term Capital Lease Obligation Chart

ASTEEL Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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7.86

8.61

11.37

10.40

9.07

ASTEEL Group Bhd Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.65	4.62	4.53	9.07	3.64

ASTEEL Group Bhd (XKLS:7020) 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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ASTEEL Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ASTEEL Group Bhd (XKLS:7020) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.2 Jalan Setia Prima S U13/S, No. 52-4 and 53-4 Setia Avenue, Seksyen U13, Setia Alam, Shah Alam, SGR, MYS, 40170

Website

https://www.asteelgroup.com

ASTEEL Group Bhd specializes in steel roofing and structure design and building, and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. ARSB segment that generates the majority of its revenue, engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.

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