IRM Group Bhd (XKLS:7220) Long-Term Capital Lease Obligation : RM0.00 Mil (As of Mar. 2015)

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

IRM Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was RM0.00 Mil.

IRM Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2014 (RM0.00 Mil) to Dec. 2014 (RM0.12 Mil) but then declined from Dec. 2014 (RM0.12 Mil) to Mar. 2015 (RM0.00 Mil).

IRM Group Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2012 (RM0.46 Mil) to Dec. 2013 (RM0.24 Mil) and declined from Dec. 2013 (RM0.24 Mil) to Dec. 2014 (RM0.12 Mil).

IRM Group Bhd Long-Term Capital Lease Obligation Historical Data

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

IRM Group Bhd Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Long-Term Capital Lease Obligation

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0.21

0.67

0.46

0.24

0.12

IRM Group Bhd Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														0.14	-	-	0.12	-

IRM Group Bhd (XKLS:7220) 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.

IRM Group Bhd Long-Term Capital Lease Obligation Related Terms

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IRM Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » IRM Group Bhd (XKLS:7220) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Website

http://www.irmb.com.my

IRM Group Bhd is an investment holding company. The Company is engaged in the business of manufacturing and selling of polyvinyl chloride resins and compounds, as well as plastic products such as sheeting and pipes.

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