JE Cleantech Holdings (STU:XN60) Long-Term Capital Lease Obligation : €0.88 Mil (As of Dec. 2023)

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What is JE Cleantech Holdings Long-Term Capital Lease Obligation?

JE Cleantech Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.88 Mil.

JE Cleantech Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.98 Mil) to Jun. 2023 (€0.96 Mil) and declined from Jun. 2023 (€0.96 Mil) to Dec. 2023 (€0.88 Mil).

JE Cleantech Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.91 Mil) to Dec. 2022 (€0.98 Mil) but then declined from Dec. 2022 (€0.98 Mil) to Dec. 2023 (€0.88 Mil).

JE Cleantech Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for JE Cleantech 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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JE Cleantech Holdings Long-Term Capital Lease Obligation Chart

JE Cleantech Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.79

0.71

0.91

0.98

0.88

JE Cleantech Holdings Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						1.00	-	0.98	0.96	0.88

JE Cleantech Holdings (STU:XN60) 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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JE Cleantech Holdings (STU:XN60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JE Cleantech Holdings Ltd (STU:XN60) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

JCSE:USA

Address

3 Woodlands Sector 1, Singapore, SGP, 738361

Website

https://www.jecleantech.sg

JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.

JE Cleantech Holdings (STU:XN60) Headlines

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