Timberwell Bhd (XKLS:7854) Long-Term Capital Lease Obligation : RM0.18 Mil (As of Dec. 2023)

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What is Timberwell Bhd Long-Term Capital Lease Obligation?

Timberwell Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.18 Mil.

Timberwell Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.34 Mil) to Sep. 2023 (RM0.34 Mil) and declined from Sep. 2023 (RM0.34 Mil) to Dec. 2023 (RM0.18 Mil).

Timberwell Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0.21 Mil) to Dec. 2022 (RM0.34 Mil) but then declined from Dec. 2022 (RM0.34 Mil) to Dec. 2023 (RM0.18 Mil).

Timberwell Bhd Long-Term Capital Lease Obligation Historical Data

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

Timberwell Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.24

0.14

0.21

0.34

0.18

Timberwell 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															0.34	0.34	0.34	0.34	0.18

Timberwell Bhd (XKLS:7854) 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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Timberwell Bhd (XKLS:7854) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Timberwell Bhd (XKLS:7854) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Jalan Kemajuan, Wisma BSN Sabah, 2nd Floor, P.O.Box 15826, Karamunsing, Kota Kinabalu, SBH, MYS, 88000

Website

http://www.timwell.com.my

Timberwell Bhd is a Malaysia-based company engaged in the business of investment holding, forest management, harvesting, and trading of timber. The primary operations of the company are timber harvesting, rehabilitation mainly involving silviculture treatment, and mosaic timber planting. It operates under the business units of Forestry Division, Plantation Division, Trading Division, and Property Division. Geographically, it operates in Malaysia.

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