One Glove Group Bhd (XKLS:5079) Long-Term Capital Lease Obligation : RM62.06 Mil (As of Dec. 2023)

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What is One Glove Group Bhd Long-Term Capital Lease Obligation?

One Glove Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM62.06 Mil.

One Glove Group Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM69.58 Mil) to Sep. 2023 (RM53.28 Mil) but then increased from Sep. 2023 (RM53.28 Mil) to Dec. 2023 (RM62.06 Mil).

One Glove Group Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2015 (RM1.68 Mil) to Dec. 2016 (RM1.00 Mil) and declined from Dec. 2016 (RM1.00 Mil) to Jun. 2019 (RM0.00 Mil).

One Glove Group Bhd Long-Term Capital Lease Obligation Historical Data

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

One Glove Group Bhd Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Long-Term Capital Lease Obligation

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0.35

0.22

1.68

1.00

One Glove Group Bhd Quarterly Data
	Sep17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.16	72.58	69.58	53.28	62.06

One Glove Group Bhd (XKLS:5079) 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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One Glove Group Bhd (XKLS:5079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » One Glove Group Bhd (XKLS:5079) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Perindustrian Kamunting 3, Lot 73-86, Jalan Logam 5, Kamunting Raya Indutrial Estate, Kamunting, PRK, MYS, 34600

Website

https://www.oneglovegroup.com

One Glove Group Bhd is a glove innovator and manufacturer. The company's segment includes Manufacturing, Investment holding, and Others. Its geographical market includes Japan, Germany, Malaysia, Singapore, the United States of America, India, and Others of which it generates the majority of its revenue from Singapore.

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