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YY Group Holding (YY Group Holding) Long-Term Capital Lease Obligation : $0.02 Mil (As of Dec. 2023)


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What is YY Group Holding Long-Term Capital Lease Obligation?

YY Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil.

YY Group Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.07 Mil) to Jun. 2023 ($0.03 Mil) and declined from Jun. 2023 ($0.03 Mil) to Dec. 2023 ($0.02 Mil).

YY Group Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.09 Mil) to Dec. 2022 ($0.07 Mil) and declined from Dec. 2022 ($0.07 Mil) to Dec. 2023 ($0.02 Mil).

YY Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for YY Group Holding'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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YY Group Holding Long-Term Capital Lease Obligation Chart

YY Group Holding Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.09 0.07 0.02

YY Group Holding Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation 0.09 - 0.07 0.03 0.02

YY Group Holding  (NAS:YYGH) 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.

YY Group Holding Long-Term Capital Lease Obligation Related Terms

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YY Group Holding (YY Group Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » YY Group Holding Ltd (NAS:YYGH) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
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Address
60 Paya Lebar Road, 05-43 Paya Lebar Square, Singapore, SGP, 409051
Website
https://www.yygroupholding.com
YY Group Holding Ltd is a data and technology driven company focused on developing enterprise intelligent labor matching services and smart cleaning services founded in Singapore. It provides enterprise manpower outsourcing and smart cleaning services in Singapore and Malaysia. The group has two operating segment, which is cleaning services segment and manpower outsourcing services, Maximum revenue is generated from cleaning services.

YY Group Holding (YY Group Holding) Headlines

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