Cam Resources Bhd (XKLS:7128) Long-Term Capital Lease Obligation : RM0.2 Mil (As of Dec. 2023)

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

Cam Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.2 Mil.

Cam Resources Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.3 Mil) to Sep. 2023 (RM0.2 Mil) and declined from Sep. 2023 (RM0.2 Mil) to Dec. 2023 (RM0.2 Mil).

Cam Resources Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.6 Mil) to Dec. 2022 (RM0.5 Mil) and declined from Dec. 2022 (RM0.5 Mil) to Dec. 2023 (RM0.2 Mil).

Cam Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cam 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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Cam Resources Bhd Long-Term Capital Lease Obligation Chart

Cam Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.49

0.60

0.47

0.19

Cam 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															0.47	0.41	0.31	0.25	0.19

Cam Resources Bhd (XKLS:7128) 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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Cam Resources Bhd (XKLS:7128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cam Resources Bhd (XKLS:7128) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Batu 12, Jalan Hutan Melintang, Hutan Melintang, Teluk Intan, Perak Darul Ridzuan, MYS, 34600

Website

https://www.camres.com.my

Cam Resources Bhd is an investment holding company. The company along with its subsidiaries is involved in the processing and sale of palm oil, palm kernel, palm fiber, other related products. The company has aggregated its operations into three reportable segments, Investment Holding, Manufacturing and Trading, Palm Oil Mill and Renewable energy. The company currently operates in the following geographical markets, Asia, the Middle East and Africa, and North America. The majority of its revenue is derived from Malaysia. It derives majority revenue from Palm oil mill segment.

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