Iconic Worldwide Bhd (XKLS:9113) Long-Term Capital Lease Obligation : RM0.69 Mil (As of Dec. 2023)

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What is Iconic Worldwide Bhd Long-Term Capital Lease Obligation?

Iconic Worldwide Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.69 Mil.

Iconic Worldwide Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM0.50 Mil) to Sep. 2023 (RM0.44 Mil) but then increased from Sep. 2023 (RM0.44 Mil) to Dec. 2023 (RM0.69 Mil).

Iconic Worldwide Bhd's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (RM0.11 Mil) to Mar. 2022 (RM0.17 Mil) and increased from Mar. 2022 (RM0.17 Mil) to Mar. 2023 (RM0.52 Mil).

Iconic Worldwide Bhd Long-Term Capital Lease Obligation Historical Data

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

Iconic Worldwide Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.24

0.11

0.17

0.52

Iconic Worldwide 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															0.83	0.52	0.50	0.44	0.69

Iconic Worldwide Bhd (XKLS:9113) 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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Iconic Worldwide Bhd (XKLS:9113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Iconic Worldwide Bhd (XKLS:9113) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-2, Jalan Icon City, Icon City, Bukit Mertajam, PNG, MYS, 14000

Website

https://www.iconicworldwide.com.my

Iconic Worldwide Bhd is an investment holding company. The company is involved in tourism and property businesses. The company is organized into the following reportable segments: Property development including construction and sale of commercial properties which generates maximum revenue for the company; Manufacturing segment involved in the manufacturing of personal protective equipment, mainly disposable face masks and gloves; Tourism services engaged in the provision of tours and ticketing services, transportation services, hospitality services and trading of souvenirs, and other tourism-related products; and Others segment comprises investment holding, trading, warehousing, mobile crane services, timber log trading, sawmilling and manufacturing of downstream timber products.

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