Straits Trading Co (SGX:S20) Long-Term Capital Lease Obligation : S$5.0 Mil (As of Dec. 2023)

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What is Straits Trading Co Long-Term Capital Lease Obligation?

Straits Trading Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$5.0 Mil.

Straits Trading Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$1.3 Mil) to Jun. 2023 (S$6.3 Mil) but then declined from Jun. 2023 (S$6.3 Mil) to Dec. 2023 (S$5.0 Mil).

Straits Trading Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$2.3 Mil) to Dec. 2022 (S$1.3 Mil) but then increased from Dec. 2022 (S$1.3 Mil) to Dec. 2023 (S$5.0 Mil).

Straits Trading Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Straits Trading Co'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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Straits Trading Co Long-Term Capital Lease Obligation Chart

Straits Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.70

4.84

2.30

1.26

5.00

Straits Trading Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.30	1.31	1.26	6.28	5.00

Straits Trading Co (SGX:S20) 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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Straits Trading Co (SGX:S20) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Straits Trading Co Ltd (SGX:S20) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

W2F:Germany

Address

1 Wallich Street, No. 15-01, Guoco Tower, Singapore, SGP, 078881

Website

https://www.straitstrading.com.sg

Straits Trading Co Ltd is an investment company. The company operates in four business segments, Resources segment involved in the smelting of tin concentrates and tin bearing materials, the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products, as well as investments in other metals and mineral resources. The Real Estate segment comprises s property investment, sales and leasing, property development, as well as property and real estate fund management. Its Hospitality business includes hotel ownership and hotel management under Far East Hospitality Holdings Pte. Ltd. It derives maximum revenue from the Resources segment. Geographically, it derives a majority of revenue from Malaysia.

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