Spindex Industries (SGX:564) Long-Term Capital Lease Obligation : S$0.5 Mil (As of Dec. 2023)

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What is Spindex Industries Long-Term Capital Lease Obligation?

Spindex Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.5 Mil.

Spindex Industries's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.4 Mil) to Jun. 2023 (S$0.7 Mil) but then declined from Jun. 2023 (S$0.7 Mil) to Dec. 2023 (S$0.5 Mil).

Spindex Industries's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (S$1.9 Mil) to Jun. 2022 (S$0.8 Mil) and declined from Jun. 2022 (S$0.8 Mil) to Jun. 2023 (S$0.7 Mil).

Spindex Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spindex Industries'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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Spindex Industries Long-Term Capital Lease Obligation Chart

Spindex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.20

2.14

1.90

0.78

0.66

Spindex Industries 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															1.26	0.78	0.43	0.66	0.55

Spindex Industries (SGX:564) 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.

Spindex Industries Long-Term Capital Lease Obligation Related Terms

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Spindex Industries (SGX:564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spindex Industries Ltd (SGX:564) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Boon Lay Way, No.10-03, 8 at TradeHub 21, Singapore, SGP, 609964

Website

https://www.spindex.com.sg

Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems and Others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of revenue from USA, Europe and others and also has a presence in Singapore; ASEAN and China.

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