Malayan Flour Mills Bhd (XKLS:3662) Long-Term Capital Lease Obligation : RM10 Mil (As of Mar. 2024)

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What is Malayan Flour Mills Bhd Long-Term Capital Lease Obligation?

Malayan Flour Mills Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM10 Mil.

Malayan Flour Mills Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM10 Mil) to Dec. 2023 (RM10 Mil) but then increased from Dec. 2023 (RM10 Mil) to Mar. 2024 (RM10 Mil).

Malayan Flour Mills Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM13 Mil) to Dec. 2022 (RM11 Mil) and declined from Dec. 2022 (RM11 Mil) to Dec. 2023 (RM10 Mil).

Malayan Flour Mills Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Malayan Flour Mills 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.

Malayan Flour Mills Bhd Long-Term Capital Lease Obligation Chart

Malayan Flour Mills Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.38

3.53

13.50

11.35

9.86

Malayan Flour Mills Bhd Quarterly Data
	Jun19	Sep19	Dec19	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															10.88	10.46	9.98	9.86	9.93

Malayan Flour Mills Bhd (XKLS:3662) 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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Malayan Flour Mills Bhd (XKLS:3662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Malayan Flour Mills Bhd (XKLS:3662) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Level 28, Menara Citibank, Suite 28.01, 165 Jalan Ampang, Kuala Lumpur, SGR, MYS, 50450

Website

https://www.mfm.com.my

Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. Maximum revenue is generated by the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.

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