Tat Seng Packaging Group (SGX:T12) Long-Term Capital Lease Obligation : S$6.4 Mil (As of Dec. 2023)

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What is Tat Seng Packaging Group Long-Term Capital Lease Obligation?

Tat Seng Packaging Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$6.4 Mil.

Tat Seng Packaging Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$6.5 Mil) to Jun. 2023 (S$6.4 Mil) and declined from Jun. 2023 (S$6.4 Mil) to Dec. 2023 (S$6.4 Mil).

Tat Seng Packaging Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$0.5 Mil) to Dec. 2022 (S$6.5 Mil) but then declined from Dec. 2022 (S$6.5 Mil) to Dec. 2023 (S$6.4 Mil).

Tat Seng Packaging Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tat Seng Packaging 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.

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Tat Seng Packaging Group Long-Term Capital Lease Obligation Chart

Tat Seng Packaging Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.27

1.40

0.51

6.53

6.38

Tat Seng Packaging 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															0.51	6.45	6.53	6.40	6.38

Tat Seng Packaging Group (SGX:T12) 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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Tat Seng Packaging Group (SGX:T12) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Senoko Drive, Singapore, SGP, 758214

Website

http://www.tspg.sg

Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

Tat Seng Packaging Group (SGX:T12) Headlines

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