United Plantation Berhad (XKLS:2089) Long-Term Capital Lease Obligation : RM13 Mil (As of Mar. 2024)

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What is United Plantation Berhad Long-Term Capital Lease Obligation?

United Plantation Berhad's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM13 Mil.

United Plantation Berhad's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (RM13 Mil) to Dec. 2023 (RM13 Mil) and increased from Dec. 2023 (RM13 Mil) to Mar. 2024 (RM13 Mil).

United Plantation Berhad's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM0 Mil) to Dec. 2022 (RM12 Mil) and increased from Dec. 2022 (RM12 Mil) to Dec. 2023 (RM13 Mil).

United Plantation Berhad Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Plantation Berhad'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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United Plantation Berhad Long-Term Capital Lease Obligation Chart

United Plantation Berhad Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.97

12.69

United Plantation Berhad Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.15	12.33	12.51	12.69	12.88

United Plantation Berhad (XKLS:2089) 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.

United Plantation Berhad Long-Term Capital Lease Obligation Related Terms

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United Plantation Berhad (XKLS:2089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United Plantation Berhad (XKLS:2089) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

UPBMF:USA

Address

Jendarata Estate, Teluk Intan, PRK, MYS, 36009

Website

https://www.unitedplantations.com

United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.

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