Mewah International (SGX:MV4) Long-Term Capital Lease Obligation : S$13 Mil (As of Dec. 2023)

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What is Mewah International Long-Term Capital Lease Obligation?

Mewah International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$13 Mil.

Mewah International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$14 Mil) to Jun. 2023 (S$157 Mil) but then declined from Jun. 2023 (S$157 Mil) to Dec. 2023 (S$13 Mil).

Mewah International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$102 Mil) to Dec. 2022 (S$14 Mil) and declined from Dec. 2022 (S$14 Mil) to Dec. 2023 (S$13 Mil).

Mewah International Long-Term Capital Lease Obligation Historical Data

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

Mewah International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.78

11.54

102.13

13.93

13.28

Mewah International 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															102.13	16.31	13.93	156.75	13.28

Mewah International (SGX:MV4) 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.

Mewah International Long-Term Capital Lease Obligation Related Terms

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Mewah International (SGX:MV4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mewah International Inc (SGX:MV4) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 International Business Park, No. 05-00, Mewah Building, Singapore, SGP, 609914

Website

https://www.mewahgroup.com

Mewah International Inc is an investment holding company. It operates in two segments: The Bulk segment, which generates the majority of the revenue, and the Consumer pack. The Bulk segment manufactures and sells edible oils and specialty fats & oils. The consumer pack segment manufactures and sells edible oils and bakery fats, and rice to consumers in packaged form. Its geographical segments are Malaysia, Singapore, the Rest of Asia, Africa, the Middle East, Europe, Pacific Oceania, and America, Out of which the majority is from Malaysia.

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