Dominant Enterprise Bhd (XKLS:7169) Long-Term Capital Lease Obligation : RM1.3 Mil (As of Dec. 2023)

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What is Dominant Enterprise Bhd Long-Term Capital Lease Obligation?

Dominant Enterprise Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.3 Mil.

Dominant Enterprise Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM2.3 Mil) to Sep. 2023 (RM1.7 Mil) and declined from Sep. 2023 (RM1.7 Mil) to Dec. 2023 (RM1.3 Mil).

Dominant Enterprise Bhd's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (RM4.0 Mil) to Mar. 2022 (RM3.0 Mil) but then increased from Mar. 2022 (RM3.0 Mil) to Mar. 2023 (RM3.1 Mil).

Dominant Enterprise Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dominant Enterprise 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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Dominant Enterprise Bhd Long-Term Capital Lease Obligation Chart

Dominant Enterprise 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

5.57

4.01

2.96

3.07

Dominant Enterprise 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															3.19	3.07	2.34	1.67	1.31

Dominant Enterprise Bhd (XKLS:7169) 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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Dominant Enterprise Bhd (XKLS:7169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dominant Enterprise Bhd (XKLS:7169) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 2, Jalan Gemilang 1, Taman Perindustrian Maju Jaya, Johor Bahru, JHR, MYS, 81300

Website

https://www.dominant.com.my

Dominant Enterprise Bhd is a Malaysia-based company engaged in the business of manufacturing and distribution of engineered wood moldings, investment holding, providing management services, laminated wood panels, and other wood accessories. The company is organized into two business segments: The manufacturing segment comprises of production of laminated wood panel products and primed density fiberboard moldings, wrapped moldings, and furniture components; and the Distribution segment comprises of distribution of wood products and building materials which also contributes as a main part of revenue. It operates mainly in the Malaysian market, while it also has a presence in Australia, Asia, and other countries.

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