DXN Holdings Bhd (XKLS:5318) Long-Term Capital Lease Obligation : RM16 Mil (As of Nov. 2023)

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What is DXN Holdings Bhd Long-Term Capital Lease Obligation?

DXN Holdings Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was RM16 Mil.

DXN Holdings Bhd's quarterly Long-Term Capital Lease Obligation increased from May. 2023 (RM14 Mil) to Aug. 2023 (RM14 Mil) and increased from Aug. 2023 (RM14 Mil) to Nov. 2023 (RM16 Mil).

DXN Holdings Bhd's annual Long-Term Capital Lease Obligation increased from Feb. 2021 (RM14 Mil) to Feb. 2022 (RM16 Mil) but then declined from Feb. 2022 (RM16 Mil) to Feb. 2023 (RM15 Mil).

DXN Holdings Bhd Long-Term Capital Lease Obligation Historical Data

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

DXN Holdings Bhd Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

12.49

13.68

16.13

15.04

DXN Holdings Bhd Quarterly Data
	Feb20	Feb21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	15.04	14.23	14.24	15.91

DXN Holdings Bhd (XKLS:5318) 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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DXN Holdings Bhd (XKLS:5318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DXN Holdings Bhd (XKLS:5318) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

213 Lebuhraya Sultan Abdul Halim, Alor Setar, KDH, MYS, 05400

Website

https://www.dxn2u.com

DXN Holdings Bhd is engaged in the cultivation, manufacturing, and marketing of health food supplements. Based in Malaysia with world wide operations, the company is known for its Ganoderma business. Its product lines include dietary supplements, food and beverages, personal care products, skincare, cosmetics, household products and water treatment system.

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