ELK-Desa Resources Bhd (XKLS:5228) Long-Term Capital Lease Obligation : RM4.0 Mil (As of Dec. 2023)

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What is ELK-Desa Resources Bhd Long-Term Capital Lease Obligation?

ELK-Desa Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM4.0 Mil.

ELK-Desa Resources Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM3.9 Mil) to Sep. 2023 (RM4.2 Mil) but then declined from Sep. 2023 (RM4.2 Mil) to Dec. 2023 (RM4.0 Mil).

ELK-Desa Resources Bhd's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (RM3.2 Mil) to Mar. 2022 (RM3.3 Mil) and increased from Mar. 2022 (RM3.3 Mil) to Mar. 2023 (RM4.2 Mil).

ELK-Desa Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for ELK-Desa Resources 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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ELK-Desa Resources Bhd Long-Term Capital Lease Obligation Chart

ELK-Desa Resources Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.01

3.22

3.29

4.15

ELK-Desa Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.83	4.15	3.95	4.21	3.98

ELK-Desa Resources Bhd (XKLS:5228) 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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ELK-Desa Resources Bhd (XKLS:5228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ELK-Desa Resources Bhd (XKLS:5228) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 - 17, Jalan Brunei Utara, Off Jalan Pudu, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.elk-desa.com.my

ELK-Desa Resources Bhd is a Malaysian company investment holding company. The company's business segments are Hire-purchase financing and other integrated services and the Trading of furniture. The Hire-purchase financing and other integrated services segment is involved in the business of hire purchase financing for used motor vehicles as well as selling general insurance policies as an insurance agent and the Trading of furniture segment is involved in the business of trading, export, wholesaling and manufacturing of furniture. The company earns the majority of its revenue from hire-purchase financing.

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