Baker Technology (SGX:BTP) Long-Term Capital Lease Obligation : S$7.30 Mil (As of Dec. 2023)

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What is Baker Technology Long-Term Capital Lease Obligation?

Baker Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$7.30 Mil.

Baker Technology's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.80 Mil) to Jun. 2023 (S$7.62 Mil) but then declined from Jun. 2023 (S$7.62 Mil) to Dec. 2023 (S$7.30 Mil).

Baker Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$1.76 Mil) to Dec. 2022 (S$0.80 Mil) but then increased from Dec. 2022 (S$0.80 Mil) to Dec. 2023 (S$7.30 Mil).

Baker Technology Long-Term Capital Lease Obligation Historical Data

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

Baker Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.51

2.66

1.76

0.80

7.30

Baker Technology 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															1.76	-	0.80	7.62	7.30

Baker Technology (SGX:BTP) 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.

Baker Technology Long-Term Capital Lease Obligation Related Terms

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Baker Technology (SGX:BTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Technology Ltd (SGX:BTP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10 Jalan Samulun, Singapore, SGP, 629124

Website

https://www.bakertech.com.sg

Baker Technology Ltd is an investment holding company focused on the offshore oil and gas industry. The company's business segments include Marine offshore, Investments and Corporate. The Marine offshore segment is essentially the company's principal business activity as manufacturers and providers of specialized marine offshore equipment and services for the oil and gas industry. The Investments segment relates to the investments in available-for-sale investments. The Corporate segment is involved in corporate services and treasury functions. The company has its geographical presence in Singapore, Middle East, Asia Pacific and Other regions. The Marine-Offshore segment generates maximum revenue for the company.

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