PropNex (SGX:OYY) Long-Term Capital Lease Obligation : S$0.9 Mil (As of Dec. 2023)

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What is PropNex Long-Term Capital Lease Obligation?

PropNex's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.9 Mil.

PropNex's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$2.8 Mil) to Jun. 2023 (S$1.7 Mil) and declined from Jun. 2023 (S$1.7 Mil) to Dec. 2023 (S$0.9 Mil).

PropNex's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$1.3 Mil) to Dec. 2022 (S$2.8 Mil) but then declined from Dec. 2022 (S$2.8 Mil) to Dec. 2023 (S$0.9 Mil).

PropNex Long-Term Capital Lease Obligation Historical Data

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

PropNex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.86

1.05

1.31

2.76

0.92

PropNex Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.04	3.31	2.76	1.71	0.92

PropNex (SGX:OYY) 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.

PropNex Long-Term Capital Lease Obligation Related Terms

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PropNex (SGX:OYY) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PropNex Ltd (SGX:OYY) » Definitions » Long-Term Capital Lease Obligation

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Address

480 Lorong 6 Toa Payoh, HDB HUB East Wing No. 10-01, Singapore, SGP, 310480

Website

https://www.propnex.com

PropNex Ltd is a real estate service provider that offers real estate brokerage services for residential corporate leasing, luxury properties, commercial & industrial properties. It operates in the following segments: Agency services which derive majority revenue engaging in the sale and lease of public and private residential and commercial/industrial properties; Project marketing services include services rendered in the sale of new private residential development projects for third-party property developers; Administrative support services related to use of space and other ancillary services; Property management services consist of real estate management services rendered to private residential properties: and Training services include real estate related courses and training programs.

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