Magma Group Bhd (XKLS:7243) Long-Term Capital Lease Obligation : RM5.20 Mil (As of Mar. 2024)

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

Magma Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM5.20 Mil.

Magma Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.00 Mil) to Dec. 2023 (RM1.66 Mil) and increased from Dec. 2023 (RM1.66 Mil) to Mar. 2024 (RM5.20 Mil).

Magma Group Bhd's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2018 (RM0.00 Mil) to Jun. 2021 (RM0.00 Mil) but then increased from Jun. 2021 (RM0.00 Mil) to Dec. 2023 (RM1.66 Mil).

Magma Group Bhd Long-Term Capital Lease Obligation Historical Data

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

Magma Group Bhd Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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1.66

Magma Group Bhd Quarterly Data
	Mar18	Jun18	Sep18	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	1.66	5.20

Magma Group Bhd (XKLS:7243) 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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Magma Group Bhd (XKLS:7243) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magma Group Bhd (XKLS:7243) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

21st Floor Menara KH Jalan Sultan Ismail, Kuala Lumpur, MYS, 50250

Website

https://www.impiana.com

Magma Group Bhd formerly Impiana Hotels Bhd is a Malaysia-based company. It is an investment holding company, which is engaged in the processing, manufacturing, and selling of drinking water. It also manages and operates hotels and resorts, and property investments. The company operates in two business segments that are Hospitality Business and Others.

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