UMS-Neiken Group Bhd (XKLS:7227) Long-Term Capital Lease Obligation : RM0.07 Mil (As of Dec. 2023)

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What is UMS-Neiken Group Bhd Long-Term Capital Lease Obligation?

UMS-Neiken Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.07 Mil.

UMS-Neiken Group Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.17 Mil) to Sep. 2023 (RM0.14 Mil) and declined from Sep. 2023 (RM0.14 Mil) to Dec. 2023 (RM0.07 Mil).

UMS-Neiken Group Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM0.17 Mil) to Dec. 2022 (RM0.13 Mil) and declined from Dec. 2022 (RM0.13 Mil) to Dec. 2023 (RM0.07 Mil).

UMS-Neiken Group Bhd Long-Term Capital Lease Obligation Historical Data

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

UMS-Neiken Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.02

0.12

0.17

0.13

0.07

UMS-Neiken Group 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															0.13	0.11	0.17	0.14	0.07

UMS-Neiken Group Bhd (XKLS:7227) 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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UMS-Neiken Group Bhd (XKLS:7227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » UMS-Neiken Group Bhd (XKLS:7227) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Lot 48, Jalan Industri 2/1, Rawang Integrated Industrial Park, Rawang, MYS, 48000

Website

https://www.ums-neiken.com

UMS-Neiken Group Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, manufacturing, and trading of electrical wiring accessories, and related electric products. Its products include different types of switches, sockets, plugs, starters, weatherproof covers, and others. Geographically, the group has a business presence in Malaysia, Vietnam, and Singapore, of which key revenue is derived from Malaysia.

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