TH Heavy Engineering Bhd (XKLS:7206PB.PFD) Long-Term Capital Lease Obligation : RM0.00 Mil (As of Mar. 2022)

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What is TH Heavy Engineering Bhd Long-Term Capital Lease Obligation?

TH Heavy Engineering Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was RM0.00 Mil.

TH Heavy Engineering Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (RM0.01 Mil) to Dec. 2020 (RM0.00 Mil) but then stayed the same from Dec. 2020 (RM0.00 Mil) to Dec. 2021 (RM0.00 Mil).

TH Heavy Engineering Bhd Long-Term Capital Lease Obligation Historical Data

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

TH Heavy Engineering Bhd Annual Data

Trend

Dec12

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Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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0.29

0.08

0.01

TH Heavy Engineering Bhd Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

TH Heavy Engineering Bhd (XKLS:7206PB.PFD) 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.

TH Heavy Engineering Bhd Long-Term Capital Lease Obligation Related Terms

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TH Heavy Engineering Bhd Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TH Heavy Engineering Bhd (XKLS:7206PB.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 9, Persiaran KLCC,, Level 28, MOF Inc. Tower,, Wilayah Persekutuan., Kuala Lumpur, SGR, MYS, 50088

Website

http://www.thhe.com.my

TH Heavy Engineering Bhd is engaged in the fabrication of offshore oil and gas facilities. The businesses activities of the company are offshore structures fabrications which include inter-platform bridges, booms, compression platforms, modules, decks, and living quarters, HUC and topside major maintenance, marine services, offshore crane manufacturing, and shipbuilding and ship repair. Its segments include Construction services, Offshore crane works, and Others. The company derives the maximum revenue from the Construction service segment. Geographically, it operates in Malaysia.

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