Seal Bhd (XKLS:4286) Long-Term Capital Lease Obligation : RM0.85 Mil (As of Mar. 2024)

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What is Seal Bhd Long-Term Capital Lease Obligation?

Seal Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.85 Mil.

Seal Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM0.55 Mil) to Dec. 2023 (RM0.52 Mil) but then increased from Dec. 2023 (RM0.52 Mil) to Mar. 2024 (RM0.85 Mil).

Seal Bhd's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (RM0.04 Mil) to Jun. 2022 (RM0.01 Mil) but then increased from Jun. 2022 (RM0.01 Mil) to Jun. 2023 (RM0.59 Mil).

Seal Bhd Long-Term Capital Lease Obligation Historical Data

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

Seal Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.37

0.25

0.04

0.01

0.59

Seal 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															0.40	0.59	0.55	0.52	0.85

Seal Bhd (XKLS:4286) 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.

Seal Bhd Long-Term Capital Lease Obligation Related Terms

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Seal Bhd (XKLS:4286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Seal Inc Bhd (XKLS:4286) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1-3A-18, Jalan Mayang Pasir 3, Level 3A, ELIT Avenue Business Park, Bayan Baru, PNG, MYS, 11950

Website

http://www.sib.com.my

Seal Inc Bhd is an investment holding company. Along with its subsidiaries the company operates in various segments that include Property Management, Property Investment, Timber Related, Property Development, Construction, and Others. The Timber related activities consist of logging, provision of logging infrastructure, sawmilling, plywood manufacturing, and sale of timber products. The Property Development segment generates maximum revenue for the company. Geographically the company caters its services only to the Malaysian market.

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