Ekovest Bhd (XKLS:8877) Long-Term Capital Lease Obligation : RM10 Mil (As of Mar. 2024)

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What is Ekovest Bhd Long-Term Capital Lease Obligation?

Ekovest Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM10 Mil.

Ekovest Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM11 Mil) to Dec. 2023 (RM11 Mil) and declined from Dec. 2023 (RM11 Mil) to Mar. 2024 (RM10 Mil).

Ekovest Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM12 Mil) to Jun. 2022 (RM10 Mil) but then increased from Jun. 2022 (RM10 Mil) to Jun. 2023 (RM12 Mil).

Ekovest Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ekovest 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.

* Premium members only.

Ekovest Bhd Long-Term Capital Lease Obligation Chart

Ekovest Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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6.58

12.38

12.26

10.16

11.99

Ekovest Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.36	11.99	11.25	11.00	10.24

Ekovest Bhd (XKLS:8877) 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.

Ekovest Bhd Long-Term Capital Lease Obligation Related Terms

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Ekovest Bhd (XKLS:8877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ekovest Bhd (XKLS:8877) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 118 Jalan Gombak, Ground Floor, Wisma Ekovest, Kuala Lumpur, SGR, MYS, 53000

Website

https://www.ekovest.com.my

Ekovest Bhd is a Malaysia-based company principally engaged in investment holding and civil engineering and building works. The group's operating segments are business units engaging in providing different products and services including Construction operations, Property development, Toll Operations, Plantation; Food and beverages; Property investment, and Others. The operations of the group are entirely carried out in Malaysia with the majority of the revenue generated from Construction operations.

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