Starbox Group Holdings (Starbox Group Holdings) Long-Term Capital Lease Obligation : $0.10 Mil (As of Sep. 2023)

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What is Starbox Group Holdings Long-Term Capital Lease Obligation?

Starbox Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.10 Mil.

Starbox Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($0.03 Mil) to Mar. 2023 ($0.02 Mil) but then increased from Mar. 2023 ($0.02 Mil) to Sep. 2023 ($0.10 Mil).

Starbox Group Holdings's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($0.23 Mil) to Sep. 2022 ($0.03 Mil) but then increased from Sep. 2022 ($0.03 Mil) to Sep. 2023 ($0.10 Mil).

Starbox Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Starbox Group Holdings'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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Starbox Group Holdings Long-Term Capital Lease Obligation Chart

Starbox Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.23

0.03

0.10

Starbox Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.23	0.20	0.03	0.02	0.10

Starbox Group Holdings (NAS:STBX) 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.

Starbox Group Holdings Long-Term Capital Lease Obligation Related Terms

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Starbox Group Holdings (Starbox Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starbox Group Holdings Ltd (NAS:STBX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.starboxholdings.com

Starbox Group Holdings Ltd engages in developing cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises. Through the firm's subsidiaries in Malaysia, it connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. It operates in three segments: digital advertising services, cash rebate services, and payment solution services.