Petronas Dagangan Bhd (XKLS:5681) Long-Term Capital Lease Obligation : RM97 Mil (As of Mar. 2024)

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What is Petronas Dagangan Bhd Long-Term Capital Lease Obligation?

Petronas Dagangan Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM97 Mil.

Petronas Dagangan Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM101 Mil) to Dec. 2023 (RM100 Mil) and declined from Dec. 2023 (RM100 Mil) to Mar. 2024 (RM97 Mil).

Petronas Dagangan Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM92 Mil) to Dec. 2022 (RM135 Mil) but then declined from Dec. 2022 (RM135 Mil) to Dec. 2023 (RM100 Mil).

Petronas Dagangan Bhd Long-Term Capital Lease Obligation Historical Data

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

Petronas Dagangan Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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158.69

96.78

92.17

134.95

99.82

Petronas Dagangan 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															122.98	114.56	101.31	99.82	96.51

Petronas Dagangan Bhd (XKLS:5681) 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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Petronas Dagangan Bhd (XKLS:5681) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petronas Dagangan Bhd (XKLS:5681) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088

Website

https://www.mymesra.com.my

Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company's other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.

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