Topmix Bhd (XKLS:0302) Long-Term Capital Lease Obligation : RM0.94 Mil (As of Sep. 2023)

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What is Topmix Bhd Long-Term Capital Lease Obligation?

Topmix Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM0.94 Mil.

Topmix Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (RM0.00 Mil) to Dec. 2022 (RM0.80 Mil) and increased from Dec. 2022 (RM0.80 Mil) to Sep. 2023 (RM0.94 Mil).

Topmix Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (RM0.67 Mil) to Dec. 2021 (RM0.44 Mil) but then increased from Dec. 2021 (RM0.44 Mil) to Dec. 2022 (RM0.80 Mil).

Topmix Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Topmix 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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Topmix Bhd Long-Term Capital Lease Obligation Chart

Topmix Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.67

0.44

0.80

Topmix Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Long-Term Capital Lease Obligation	0.67	0.44	-	0.80	0.94

Topmix Bhd (XKLS:0302) 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.

Topmix Bhd Long-Term Capital Lease Obligation Related Terms

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Topmix Bhd (XKLS:0302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300

Website

https://www.topmixhpl.com

Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

Topmix Bhd (XKLS:0302) Headlines

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