MY E.G.Services Bhd (XKLS:0138) Long-Term Capital Lease Obligation : RM23.6 Mil (As of Mar. 2024)

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What is MY E.G.Services Bhd Long-Term Capital Lease Obligation?

MY E.G.Services Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM23.6 Mil.

MY E.G.Services Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM34.5 Mil) to Dec. 2023 (RM24.2 Mil) and declined from Dec. 2023 (RM24.2 Mil) to Mar. 2024 (RM23.6 Mil).

MY E.G.Services Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM2.9 Mil) to Dec. 2022 (RM31.4 Mil) but then declined from Dec. 2022 (RM31.4 Mil) to Dec. 2023 (RM24.2 Mil).

MY E.G.Services Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for MY E.G.Services 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.

MY E.G.Services Bhd Long-Term Capital Lease Obligation Chart

MY E.G.Services Bhd Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.19

1.91

2.91

31.37

24.17

MY E.G.Services Bhd Quarterly Data
	Dec18	Mar19	Jun19	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															34.49	34.39	34.51	24.17	23.59

MY E.G.Services Bhd (XKLS:0138) 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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MY E.G.Services Bhd (XKLS:0138) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MY E.G.Services Bhd (XKLS:0138) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

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