Ahmad Zaki Resources Bhd (XKLS:7078) Long-Term Capital Lease Obligation : RM18.6 Mil (As of Mar. 2024)

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What is Ahmad Zaki Resources Bhd Long-Term Capital Lease Obligation?

Ahmad Zaki Resources Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM18.6 Mil.

Ahmad Zaki Resources Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM19.3 Mil) to Dec. 2023 (RM18.9 Mil) and declined from Dec. 2023 (RM18.9 Mil) to Mar. 2024 (RM18.6 Mil).

Ahmad Zaki Resources Bhd's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (RM5.3 Mil) to Jun. 2022 (RM11.2 Mil) and increased from Jun. 2022 (RM11.2 Mil) to Jun. 2023 (RM14.7 Mil).

Ahmad Zaki Resources Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ahmad Zaki 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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Ahmad Zaki Resources Bhd Long-Term Capital Lease Obligation Chart

Ahmad Zaki Resources Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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27.33

27.10

5.29

11.25

14.73

Ahmad Zaki Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	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															18.66	14.73	19.34	18.95	18.59

Ahmad Zaki Resources Bhd (XKLS:7078) 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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Ahmad Zaki Resources Bhd (XKLS:7078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ahmad Zaki Resources Bhd (XKLS:7078) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71, Persiaran Gurney, Menara AZRB, Kuala Lumpur, SGR, MYS, 54000

Website

https://www.azrb.com

Ahmad Zaki Resources Bhd is an investment holding company. The company's operating segment includes Engineering and Construction; Concession; Oil and Gas; Plantation; Property and Others. It generates maximum revenue from the Engineering and Construction segment. The Engineering and Construction segment includes civil and structural works. Geographically, it derives a majority of its revenue from Malaysia. Malaysia region includes civil and structural works, concession assets management, dealing in marine fuels, lubricants, petroleum-based products, logistic management, vessel-related services, property development, investment holding, and provision of management services.

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