Singapore Technologies Engineering (Singapore Technologies Engineering) Long-Term Capital Lease Obligation : $387 Mil (As of Dec. 2023)

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What is Singapore Technologies Engineering Long-Term Capital Lease Obligation?

Singapore Technologies Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $387 Mil.

Singapore Technologies Engineering's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($381 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($387 Mil).

Singapore Technologies Engineering's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($352 Mil) to Dec. 2022 ($381 Mil) and increased from Dec. 2022 ($381 Mil) to Dec. 2023 ($387 Mil).

Singapore Technologies Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for Singapore Technologies Engineering'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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Singapore Technologies Engineering Long-Term Capital Lease Obligation Chart

Singapore Technologies Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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267.24

345.88

352.40

381.47

386.70

Singapore Technologies Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															352.40	-	381.47	-	386.70

Singapore Technologies Engineering (OTCPK:SGGKY) 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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Singapore Technologies Engineering (Singapore Technologies Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Singapore Technologies Engineering Ltd (OTCPK:SGGKY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SGGKF:USA S63:Singapore SJX:Germany

Address

1 Ang Mo Kio Electronics Park Road, No. 07-01, ST Engineering Hub, Singapore, SGP, 567710

Website

https://www.stengg.com

Singapore Technologies Engineering is a Singaporean government-linked commercial and defense engineering group. Its key businesses include aircraft maintenance, repair and overhaul services, in which it is the world's largest independent third-party provider. The company's fastest-growing activities involve applications to smart city solutions where it provides tolling solutions, traffic control systems, command and control dashboards, cybersecurity tools, and other related components. Around two thirds of the company's revenue comes from commercial clients while the remainder is defense.