GS Holdings (SGX:43A) Long-Term Capital Lease Obligation : S$0.63 Mil (As of Mar. 2024)

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What is GS Holdings Long-Term Capital Lease Obligation?

GS Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$0.63 Mil.

GS Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (S$0.00 Mil) to Dec. 2023 (S$0.80 Mil) but then declined from Dec. 2023 (S$0.80 Mil) to Mar. 2024 (S$0.63 Mil).

GS Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$1.15 Mil) to Dec. 2022 (S$0.77 Mil) but then increased from Dec. 2022 (S$0.77 Mil) to Dec. 2023 (S$0.80 Mil).

GS Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for GS Holdings'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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GS Holdings Long-Term Capital Lease Obligation Chart

GS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.68

1.17

1.15

0.77

0.80

GS Holdings Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.80	0.63

GS Holdings (SGX:43A) 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.

GS Holdings Long-Term Capital Lease Obligation Related Terms

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GS Holdings (SGX:43A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GS Holdings Ltd (SGX:43A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6NY:Germany

Address

680 Upper Thomson Road, No 02-01, Singapore, SGP, 787103

Website

https://www.greatsolutions.com.sg

GS Holdings Ltd is Singapore-based holding firm. The company provides management consultancy services with relation to Branding, Operations and Procurement services to its customers and earns management consultancy services based on the agreements entered upon. Consultancy services include providing training and delivery service at all outlets, managing customer-experience and relationship management matters and evaluate the performance of each outlet and the related executives. Its segments include Food and Beverages; Branding, Operations and Procurement services; and Investment holdings. It derives revenue from Food and Beverages segment.

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