Rex Industry Bhd (XKLS:9946) Long-Term Capital Lease Obligation : RM0.3 Mil (As of Mar. 2024)

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What is Rex Industry Bhd Long-Term Capital Lease Obligation?

Rex Industry Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.3 Mil.

Rex Industry Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM0.4 Mil) to Dec. 2023 (RM0.3 Mil) and declined from Dec. 2023 (RM0.3 Mil) to Mar. 2024 (RM0.3 Mil).

Rex Industry Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM0.8 Mil) to Jun. 2022 (RM0.4 Mil) but then increased from Jun. 2022 (RM0.4 Mil) to Jun. 2023 (RM0.5 Mil).

Rex Industry Bhd Long-Term Capital Lease Obligation Historical Data

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

Rex Industry Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.94

0.77

0.39

0.48

Rex Industry 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															0.50	0.48	0.45	0.28	0.26

Rex Industry Bhd (XKLS:9946) 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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Rex Industry Bhd (XKLS:9946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rex Industry Bhd (XKLS:9946) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 126, Jalan Perindustrian, Bukit Minyak 5, Seberang Perai Tengah, Simpang Ampat, PNG, MYS, 14100

Website

http://www.rexmalaysia.com

Rex Industry Bhd is the manufacturer and distributor of canned food, beverage and confectionary products. It is engaged in the production of halal canned products, frozen food, and beverages in Malaysia. The company and its subsidiaries are also involved in the manufacturing of biscuits, trading of canned food, drinks, and shelf-stable convenience food. It also exports canned processed seafood. The company operates in four principal geographical areas which include Malaysia, the United States of America, Europe, and Asia.

Rex Industry Bhd (XKLS:9946) Headlines

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