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Advice IT Infinite PCL (BKK:ADVICE) Long-Term Capital Lease Obligation : ฿82 Mil (As of Sep. 2023)


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What is Advice IT Infinite PCL Long-Term Capital Lease Obligation?

Advice IT Infinite PCL's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ฿82 Mil.

Advice IT Infinite PCL's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (฿0 Mil) to Dec. 2022 (฿103 Mil) but then declined from Dec. 2022 (฿103 Mil) to Sep. 2023 (฿82 Mil).

Advice IT Infinite PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (฿136 Mil) to Dec. 2021 (฿116 Mil) and declined from Dec. 2021 (฿116 Mil) to Dec. 2022 (฿103 Mil).

Advice IT Infinite PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advice IT Infinite PCL'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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Advice IT Infinite PCL Long-Term Capital Lease Obligation Chart

Advice IT Infinite PCL Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
135.98 115.59 102.88

Advice IT Infinite PCL Quarterly Data
Dec21 Sep22 Dec22 Sep23
Long-Term Capital Lease Obligation 115.59 - 102.88 82.49

Advice IT Infinite PCL  (BKK:ADVICE) 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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Advice IT Infinite PCL (BKK:ADVICE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » Long-Term Capital Lease Obligation
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Address
74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA
Website
https://www.advice.co.th
Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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