GKE (SGX:595) Long-Term Capital Lease Obligation : S$14.9 Mil (As of Nov. 2023)

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What is GKE Long-Term Capital Lease Obligation?

GKE's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was S$14.9 Mil.

GKE's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (S$20.3 Mil) to May. 2023 (S$17.8 Mil) and declined from May. 2023 (S$17.8 Mil) to Nov. 2023 (S$14.9 Mil).

GKE's annual Long-Term Capital Lease Obligation declined from May. 2021 (S$24.6 Mil) to May. 2022 (S$22.9 Mil) and declined from May. 2022 (S$22.9 Mil) to May. 2023 (S$17.8 Mil).

GKE Long-Term Capital Lease Obligation Historical Data

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

GKE Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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2.45

13.31

24.60

22.91

17.84

GKE Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.27	22.91	20.25	17.84	14.88

GKE (SGX:595) 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.

GKE Long-Term Capital Lease Obligation Related Terms

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GKE (SGX:595) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GKE Corp Ltd (SGX:595) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

39 Benoi Road, No. 06-01, Singapore, SGP, 627725

Website

http://www.gke.com.sg

GKE Corp Ltd is an investment holding firm. The company with its subsidiaries is engaged in providing integrated warehousing and logistics solutions, multi-modal solutions for supply chain management. It is organized in business segments namely, Investment holding; Warehouse and logistics; Infrastructural materials and services and Agriculture. The company generates maximum revenue from the Warehouse and logistics segment.

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