Westports Holdings Bhd (Westports Holdings Bhd) Long-Term Capital Lease Obligation : $10.5 Mil (As of Mar. 2024)

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What is Westports Holdings Bhd Long-Term Capital Lease Obligation?

Westports Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $10.5 Mil.

Westports Holdings Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($8.5 Mil) to Dec. 2023 ($8.8 Mil) and increased from Dec. 2023 ($8.8 Mil) to Mar. 2024 ($10.5 Mil).

Westports Holdings Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($11.0 Mil) to Dec. 2022 ($9.4 Mil) and declined from Dec. 2022 ($9.4 Mil) to Dec. 2023 ($8.8 Mil).

Westports Holdings Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Westports Holdings Bhd'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.

Westports Holdings Bhd Long-Term Capital Lease Obligation Chart

Westports Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.38

10.30

10.99

9.42

8.84

Westports Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.04	6.51	8.53	8.84	10.54

Westports Holdings Bhd (OTCPK:WSTTF) 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.

Westports Holdings Bhd Long-Term Capital Lease Obligation Related Terms

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Westports Holdings Bhd (Westports Holdings Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westports Holdings Bhd (OTCPK:WSTTF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

5246:Malaysia

Address

Pulau Indah, P.O. Box 266, Port Klang, SGR, MYS, 42009

Website

https://www.westportsholdings.com

Westports Holdings Bhd is a port and logistics company domiciled in Malaysia. The company primarily develops and operates a port under the Westports brand in Port Klang, Malaysia. Westports provide container services; conventional services, including break bulk, dry bulk, and liquid bulk; and other marine facilities. In addition to core port operations, the company provides bulk storage, refrigerated container storage, and bunkering services to supply fuel to ships. The company derives revenue domestically.

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