Sunmow Holding Bhd (XKLS:03050) Long-Term Capital Lease Obligation : RM0.6 Mil (As of Dec. 2023)

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What is Sunmow Holding Bhd Long-Term Capital Lease Obligation?

Sunmow Holding Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.6 Mil.

Sunmow Holding Bhd's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (RM0.2 Mil) to Jun. 2023 (RM0.1 Mil) but then increased from Jun. 2023 (RM0.1 Mil) to Dec. 2023 (RM0.6 Mil).

Sunmow Holding Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM1.6 Mil) to Dec. 2022 (RM0.2 Mil) but then increased from Dec. 2022 (RM0.2 Mil) to Dec. 2023 (RM0.6 Mil).

Sunmow Holding Bhd Long-Term Capital Lease Obligation Historical Data

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

Sunmow Holding Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.51

2.70

1.57

0.18

0.62

Sunmow Holding Bhd Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				1.57	0.74	0.18	0.15	0.62

Sunmow Holding Bhd (XKLS:03050) 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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Sunmow Holding Bhd (XKLS:03050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunmow Holding Bhd (XKLS:03050) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tun Ahmad Zaidi, No. 142, 1st Floor, Parkcity Commerce Square, Bintulu, SWK, MYS, 97010

Website

https://www.sunmow.com.my

Sunmow Holding Bhd s principally engaged in the construction contract works and provision of construction support services, property development and trading in building materials and tools.

Sunmow Holding Bhd (XKLS:03050) Headlines

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