Wasco Bhd (XKLS:5142) Long-Term Capital Lease Obligation : RM203 Mil (As of Mar. 2024)

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What is Wasco Bhd Long-Term Capital Lease Obligation?

Wasco Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM203 Mil.

Wasco Bhd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (RM207 Mil) to Dec. 2023 (RM207 Mil) and declined from Dec. 2023 (RM207 Mil) to Mar. 2024 (RM203 Mil).

Wasco Bhd's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (RM223 Mil) to Dec. 2022 (RM215 Mil) and declined from Dec. 2022 (RM215 Mil) to Dec. 2023 (RM207 Mil).

Wasco Bhd Long-Term Capital Lease Obligation Historical Data

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

Wasco Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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220.72

197.73

223.14

215.16

206.53

Wasco Bhd 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															215.39	210.36	207.27	206.53	202.65

Wasco Bhd (XKLS:5142) 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.

Wasco Bhd Long-Term Capital Lease Obligation Related Terms

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Wasco Bhd (XKLS:5142) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wasco Bhd (XKLS:5142) » Definitions » Long-Term Capital Lease Obligation

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Address

The Gardens North Tower, Suite 19.01, Level 19, Mid Valley City, Lingkaran Syed Putra, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.wahseong.com

Wasco Bhd, formerly Wah Seong Corp Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (EPC) of gas compressors and process equipment; renewable energy and infrastructure materials and services. Its segments include the Energy solutions services division; the Renewable energy division; the Industrial trading & services division; and Others. It derives the majority of its revenue from the Energy solutions services division that provides pipe coating, pipe manufacturing for the oil and gas industry, building and operating offshore/onshore field development facilities, and the provision of specialized equipment and services to the power generation, oleochemical, and petrochemical industries.

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