PLB Engineering Bhd (XKLS:7055) Long-Term Capital Lease Obligation : RM6.2 Mil (As of Feb. 2025)

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What is PLB Engineering Bhd Long-Term Capital Lease Obligation?

PLB Engineering Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was RM6.2 Mil.

PLB Engineering Bhd's quarterly Long-Term Capital Lease Obligation declined from Aug. 2024 (RM7.0 Mil) to Nov. 2024 (RM6.3 Mil) and declined from Nov. 2024 (RM6.3 Mil) to Feb. 2025 (RM6.2 Mil).

PLB Engineering Bhd's annual Long-Term Capital Lease Obligation declined from Aug. 2022 (RM5.4 Mil) to Aug. 2023 (RM5.2 Mil) but then increased from Aug. 2023 (RM5.2 Mil) to Aug. 2024 (RM7.0 Mil).

PLB Engineering Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for PLB Engineering 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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PLB Engineering Bhd Long-Term Capital Lease Obligation Chart

PLB Engineering Bhd Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Long-Term Capital Lease Obligation

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5.29

5.87

5.37

5.21

7.00

PLB Engineering Bhd Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.48	5.40	7.00	6.30	6.23

PLB Engineering Bhd (XKLS:7055) 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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PLB Engineering Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PLB Engineering Bhd (XKLS:7055) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1320, Jalan Baru, Taman Chai Leng, Perai, PNG, MYS, 13700

Website

https://www.plb.com.my

PLB Engineering Bhd is a Malaysia-based firm engaged in property development, construction, and related services. The company operates in four segments: Construction which involves the construction of industrial, residential, and commercial building and renovation work segment; Property development which comprises housing and property development; Investment holding which includes investment holding and property letting; and Solar energy segment comprises of generation of electricity from the solar plant. The majority of its revenue comes from the Construction Segment.

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