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Nanofilm Technologies International (SGX:MZH) Long-Term Capital Lease Obligation : S$19.7 Mil (As of Dec. 2023)


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What is Nanofilm Technologies International Long-Term Capital Lease Obligation?

Nanofilm Technologies International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$19.7 Mil.

Nanofilm Technologies International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$16.8 Mil) to Jun. 2023 (S$18.4 Mil) and increased from Jun. 2023 (S$18.4 Mil) to Dec. 2023 (S$19.7 Mil).

Nanofilm Technologies International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$15.3 Mil) to Dec. 2022 (S$16.8 Mil) and increased from Dec. 2022 (S$16.8 Mil) to Dec. 2023 (S$19.7 Mil).


Nanofilm Technologies International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanofilm Technologies 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.

* Premium members only.

Nanofilm Technologies International Long-Term Capital Lease Obligation Chart

Nanofilm Technologies International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.35 1.45 15.28 16.84 19.71

Nanofilm Technologies International Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.28 16.26 16.84 18.39 19.71

Nanofilm Technologies International  (SGX:MZH) 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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Nanofilm Technologies International (SGX:MZH) Business Description

Traded in Other Exchanges
N/A
Address
11 Tai Seng Drive, Singapore, SGP, 535226
Nanofilm Technologies International Ltd is a provider of nanotechnology solutions in Asia. Its solutions serve as key catalysts enabling customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. The company operates in three segments: advanced materials BU, Nanofabrication BU, Sydrogen BU and Industrial equipment BU . The majority of its revenue comes from the advanced materials BU segment, which provides advanced materials through surface solution services based on its vacuum coating technologies and processes. Geographically, the company generates revenue from Singapore, Japan, Vietnam and China being the majority revenue generator.

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