OCK Group Bhd (XKLS:0172) Long-Term Capital Lease Obligation : RM137.1 Mil (As of Dec. 2023)

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What is OCK Group Bhd Long-Term Capital Lease Obligation?

OCK Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM137.1 Mil.

OCK Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (RM161.6 Mil) to Sep. 2023 (RM164.9 Mil) but then declined from Sep. 2023 (RM164.9 Mil) to Dec. 2023 (RM137.1 Mil).

OCK Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM133.6 Mil) to Dec. 2022 (RM146.1 Mil) but then declined from Dec. 2022 (RM146.1 Mil) to Dec. 2023 (RM137.1 Mil).

OCK Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for OCK Group 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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OCK Group Bhd Long-Term Capital Lease Obligation Chart

OCK Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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137.02

135.48

133.57

146.09

137.07

OCK Group 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															146.09	150.17	161.63	164.86	137.07

OCK Group Bhd (XKLS:0172) 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.

OCK Group Bhd Long-Term Capital Lease Obligation Related Terms

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OCK Group Bhd (XKLS:0172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » OCK Group Bhd (XKLS:0172) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 18, Jalan Jurunilai U1/20, Seksyen U1, Hicom Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.ock.com.my

OCK Group Bhd provides telecommunications network services. The company is engaged in the provision of telecommunication services equipped with the ability to provide full turnkey services. The company operates in segments namely Telecommunication Network Services, Green Energy & Power Solutions, Trading, Mechanical & Electrical Engineering Services, and Investment Holding. The majority of the revenue is generated from the Telecommunication Network Services. The company also trades in telecommunication hardware and installation of materials such as antennas, feeder cables, and connectors. The company operates in Malaysia, China, Myanmar, Indonesia, Singapore, and Vietnam, out of which Malaysia accounts for the majority revenue.

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