Top Glove Bhd (Top Glove Bhd) Long-Term Capital Lease Obligation : $5.2 Mil (As of Feb. 2024)

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What is Top Glove Bhd Long-Term Capital Lease Obligation?

Top Glove Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $5.2 Mil.

Top Glove Bhd's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($5.6 Mil) to Nov. 2023 ($5.4 Mil) and declined from Nov. 2023 ($5.4 Mil) to Feb. 2024 ($5.2 Mil).

Top Glove Bhd's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($4.3 Mil) to Aug. 2022 ($3.4 Mil) but then increased from Aug. 2022 ($3.4 Mil) to Aug. 2023 ($5.6 Mil).

Top Glove Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Top Glove 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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Top Glove Bhd Long-Term Capital Lease Obligation Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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2.31

4.30

3.44

5.56

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.56	3.51	5.56	5.40	5.20

Top Glove Bhd (OTCPK:TPGVF) 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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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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