SMTrack Bhd (XKLS:0169) Long-Term Capital Lease Obligation : RM0.88 Mil (As of Mar. 2024)

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What is SMTrack Bhd Long-Term Capital Lease Obligation?

SMTrack Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.88 Mil.

SMTrack Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM0.65 Mil) to Dec. 2023 (RM1.32 Mil) but then declined from Dec. 2023 (RM1.32 Mil) to Mar. 2024 (RM0.88 Mil).

SMTrack Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for SMTrack 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.

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SMTrack Bhd Long-Term Capital Lease Obligation Chart

SMTrack Bhd Annual Data

Trend

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Long-Term Capital Lease Obligation

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SMTrack Bhd Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.51	0.65	1.32	0.88

SMTrack Bhd (XKLS:0169) 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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SMTrack Bhd (XKLS:0169) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SMTrack Bhd (XKLS:0169) » Definitions » Long-Term Capital Lease Obligation

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Address

Unit 29-7, 7th Floor, The Bouvelard, Mid Valley City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

http://www.smtrackberhad.my

SMTrack Bhd is engaged in a track and trace solutions provider that utilizes Radio Frequency Identification (RFID). It involves the design, deployment, and distribution of radiofrequency identity tags and other tagging solutions using information technology. It also offers the provision of training, maintenance, and consultancy services. The company is engaged in Investment holding and others segment, Delivery segment and Beauty and wellness segment. It derives majority of its revenues from the Investment holding and others segment and has operations spread across Malaysia.

SMTrack Bhd (XKLS:0169) Headlines

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