Magnum Bhd (XKLS:3859) Long-Term Capital Lease Obligation : RM3 Mil (As of Mar. 2024)

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What is Magnum Bhd Long-Term Capital Lease Obligation?

Magnum Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM3 Mil.

Magnum Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM3 Mil) to Dec. 2023 (RM3 Mil) and declined from Dec. 2023 (RM3 Mil) to Mar. 2024 (RM3 Mil).

Magnum Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM5 Mil) to Dec. 2022 (RM4 Mil) and declined from Dec. 2022 (RM4 Mil) to Dec. 2023 (RM3 Mil).

Magnum Bhd Long-Term Capital Lease Obligation Historical Data

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

Magnum Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.60

6.02

5.15

4.01

3.38

Magnum 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															3.91	3.66	3.41	3.38	3.11

Magnum Bhd (XKLS:3859) 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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Magnum Bhd (XKLS:3859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnum Bhd (XKLS:3859) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No. 8, Jalan Munshi Abdullah, 35th Floor, Menara Multi-Purpose, Capital Square, Kuala Lumpur, SGR, MYS, 50100

Website

https://www.magnum.my

Magnum Bhd is an investment holding company primarily involved in the gambling industry. Magnum, through a government license, is primarily involved in the forecasting lottery business. The company operates four games: 4D Classic, 4D Jackpot, 4D Jackpot Gold, and Magnum Life game. It operates in two segments: Gaming and Investment holdings and others. The company generates the vast majority of its revenue in Malaysia.

Magnum Bhd (XKLS:3859) Headlines

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