GIIB Holdings Bhd (XKLS:7192) Long-Term Capital Lease Obligation : RM0.19 Mil (As of Mar. 2024)

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What is GIIB Holdings Bhd Long-Term Capital Lease Obligation?

GIIB Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.19 Mil.

GIIB Holdings Bhd's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (RM0.19 Mil) to Dec. 2023 (RM0.19 Mil) and stayed the same from Dec. 2023 (RM0.19 Mil) to Mar. 2024 (RM0.19 Mil).

GIIB Holdings Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2016 (RM1.76 Mil) to Jun. 2019 (RM0.25 Mil) and declined from Jun. 2019 (RM0.25 Mil) to Jun. 2023 (RM0.19 Mil).

GIIB Holdings Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for GIIB Holdings 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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GIIB Holdings Bhd Long-Term Capital Lease Obligation Chart

GIIB Holdings Bhd Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun23

Long-Term Capital Lease Obligation

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1.27

3.28

1.76

0.25

0.19

GIIB Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	0.19	0.19	0.19	0.19

GIIB Holdings Bhd (XKLS:7192) 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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GIIB Holdings Bhd (XKLS:7192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GIIB Holdings Bhd (XKLS:7192) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PT 1654 and PT 1657, Nilai Industrial Estate, Darul Khusus, Nilai, NSN, MYS, 71800

Website

https://www.giibworld.com

GIIB Holdings Bhd develops, manufactures, and markets rubber compounds and rubber related products in Malaysia. The company's operating segment includes Rubber compounds; Property development; Re-treading services; Trading and Others. It generates maximum revenue from the Rubber compounds segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Europe; the Rest of Asia; Oceanic; Africa, and North America. The firm offers its products under the Supercool, Tough Tread and Rubtek brands.

GIIB Holdings Bhd (XKLS:7192) Headlines

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