Sarawak Consolidated Industries Bhd (XKLS:9237) Long-Term Capital Lease Obligation : RM1.7 Mil (As of Dec. 2023)

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What is Sarawak Consolidated Industries Bhd Long-Term Capital Lease Obligation?

Sarawak Consolidated Industries Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.7 Mil.

Sarawak Consolidated Industries Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM1.7 Mil) to Sep. 2023 (RM1.8 Mil) but then declined from Sep. 2023 (RM1.8 Mil) to Dec. 2023 (RM1.7 Mil).

Sarawak Consolidated Industries Bhd's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (RM0.9 Mil) to Jun. 2022 (RM2.6 Mil) but then declined from Jun. 2022 (RM2.6 Mil) to Jun. 2023 (RM1.7 Mil).

Sarawak Consolidated Industries Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sarawak Consolidated Industries 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.

Sarawak Consolidated Industries Bhd Long-Term Capital Lease Obligation Chart

Sarawak Consolidated Industries Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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1.16

0.73

0.86

2.61

1.73

Sarawak Consolidated Industries Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.91	1.47	1.73	1.83	1.68

Sarawak Consolidated Industries Bhd (XKLS:9237) 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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Sarawak Consolidated Industries Bhd (XKLS:9237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sarawak Consolidated Industries Bhd (XKLS:9237) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Lot 1258, Jalan Utama, Pending Industrial Estate, Kuching, SWK, MYS, 93450

Website

https://www.scib.com.my

Sarawak Consolidated Industries Bhd is an investment holding company. The company's business segments are manufacturing, property trading, Corporate and Construction/EPCC/Project Management Segment. It generates maximum revenue from the Manufacturing segment. Manufacturing Segment involved in the manufacturing and sale of precast concrete pipes, prestressed spun concrete piles and other related concrete products as well as the manufacturing, supplying and installations of prefabricated Lightweight Systems products. Geographically it derives majority of revenue from Malaysia and also in presence in Indonesia, Oman and Qatar.

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