Comfort Gloves Bhd (XKLS:2127) Long-Term Capital Lease Obligation : RM1.6 Mil (As of Dec. 2023)

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What is Comfort Gloves Bhd Long-Term Capital Lease Obligation?

Comfort Gloves Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.6 Mil.

Comfort Gloves Bhd's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (RM1.0 Mil) to Sep. 2023 (RM1.0 Mil) but then increased from Sep. 2023 (RM1.0 Mil) to Dec. 2023 (RM1.6 Mil).

Comfort Gloves Bhd's annual Long-Term Capital Lease Obligation declined from Jan. 2021 (RM1.0 Mil) to Dec. 2022 (RM1.0 Mil) but then increased from Dec. 2022 (RM1.0 Mil) to Dec. 2023 (RM1.6 Mil).

Comfort Gloves Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Comfort Gloves 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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Comfort Gloves Bhd Long-Term Capital Lease Obligation Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.02

0.99

1.63

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.99	0.99	0.99	0.99	1.63

Comfort Gloves Bhd (XKLS:2127) 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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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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