First Sponsor Group (SGX:ADN) Long-Term Capital Lease Obligation : S$97.2 Mil (As of Dec. 2023)

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What is First Sponsor Group Long-Term Capital Lease Obligation?

First Sponsor Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$97.2 Mil.

First Sponsor Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$87.9 Mil) to Jun. 2023 (S$99.1 Mil) but then declined from Jun. 2023 (S$99.1 Mil) to Dec. 2023 (S$97.2 Mil).

First Sponsor Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$68.5 Mil) to Dec. 2022 (S$87.9 Mil) and increased from Dec. 2022 (S$87.9 Mil) to Dec. 2023 (S$97.2 Mil).

First Sponsor Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Sponsor Group'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.

* Premium members only.

First Sponsor Group Long-Term Capital Lease Obligation Chart

First Sponsor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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69.36

74.09

68.51

87.94

97.23

First Sponsor Group 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															68.51	90.17	87.94	99.13	97.23

First Sponsor Group (SGX:ADN) 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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First Sponsor Group (SGX:ADN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Sponsor Group Ltd (SGX:ADN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Lorong Telok, Singapore, SGP, 049031

Website

https://www.1st-sponsor.com.sg

First Sponsor Group Ltd is an investment holding company in Singapore. The principal activities of the company are those relating to investment holding, property development and sales, property investment, hotel ownership and operations and provision of property financing services. The Hotel operations segment- Property development segment which includes residential and commercial property developments in the PRC, specifically Chengdu, Dongguan and Guangzhou; Property holding segment which includes hotel ownership and operations as well as investment properties held for rental income; Property financing segment which includes Loan arrangements. The firm operates in Europe and China, out of which the majority of the revenue is generated from China.