MindChamps PreSchool (SGX:CNE) Long-Term Capital Lease Obligation : S$15.32 Mil (As of Jun. 2024)

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What is MindChamps PreSchool Long-Term Capital Lease Obligation?

MindChamps PreSchool's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was S$15.32 Mil.

MindChamps PreSchool's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (S$12.77 Mil) to Dec. 2023 (S$17.53 Mil) but then declined from Dec. 2023 (S$17.53 Mil) to Jun. 2024 (S$15.32 Mil).

MindChamps PreSchool's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$18.62 Mil) to Dec. 2022 (S$16.58 Mil) but then increased from Dec. 2022 (S$16.58 Mil) to Dec. 2023 (S$17.53 Mil).

MindChamps PreSchool Long-Term Capital Lease Obligation Historical Data

The historical data trend for MindChamps PreSchool'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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MindChamps PreSchool Long-Term Capital Lease Obligation Chart

MindChamps PreSchool Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.20

21.08

18.62

16.58

17.53

MindChamps PreSchool Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														19.83	16.58	12.77	17.53	15.32

MindChamps PreSchool (SGX:CNE) 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.

MindChamps PreSchool Long-Term Capital Lease Obligation Related Terms

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MindChamps PreSchool Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » MindChamps PreSchool Ltd (SGX:CNE) » Definitions » Long-Term Capital Lease Obligation

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Address

6 Raffles Boulevard, No. 04-100 Marina Square, Singapore, SGP, 039594

Website

https://www.mindchamps.org

MindChamps PreSchool Ltd is a Singapore-based investment holding company. Principally, it is engaged in the business of childcare services. The company operates through four segments, namely Education, Franchise, Corporate, and others. Its education segment provides childcare, education, and learning-related services for preschool children. The franchise segment is involved in the franchising of childcare services and enrichment classes. Its Corporate segment provides administrative support services and a corporate office. Its other segment comprises of higher education programs, business, and management consulting services. The company generates revenue mainly through services offered in the education segment. It operates in two geographical segments: Singapore and Australia.

MindChamps PreSchool Headlines

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