Mikro MSC Bhd (XKLS:0112) Long-Term Capital Lease Obligation : RM0.83 Mil (As of Dec. 2023)

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What is Mikro MSC Bhd Long-Term Capital Lease Obligation?

Mikro MSC Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.83 Mil.

Mikro MSC Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.86 Mil) to Sep. 2023 (RM0.79 Mil) but then increased from Sep. 2023 (RM0.79 Mil) to Dec. 2023 (RM0.83 Mil).

Mikro MSC Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM0.50 Mil) to Jun. 2022 (RM0.32 Mil) but then increased from Jun. 2022 (RM0.32 Mil) to Jun. 2023 (RM0.86 Mil).

Mikro MSC Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mikro MSC 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.

Mikro MSC Bhd Long-Term Capital Lease Obligation Chart

Mikro MSC Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.19

0.30

0.50

0.32

0.86

Mikro MSC Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.80	1.00	0.86	0.79	0.83

Mikro MSC Bhd (XKLS:0112) 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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Mikro MSC Bhd (XKLS:0112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mikro MSC Bhd (XKLS:0112) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 3, Jalan Anggerik Mokara, 31/48 Seksyen 31, Kota Kemuning, Shah Alam, SGR, MYS, 40460

Website

http://www.itmikro.com

Mikro MSC Bhd is engaged in the research, development, and design of analogue, digital and computer-controlled electronic systems or devices for use in electrical, electronic and other industries and provision of technical and maintenance services. The company offers products and services, including combined overcurrent and earth fault relays; overcurrent relays; earth fault relays; earth leakage relays; earth leakage system; metering solutions; voltage relays; reverse power relay; power factor regulator; annunciator; motor protection relay, and capacitor and reactor. Geographically, it derives a majority of revenue from Malaysia.

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