Leong Hup International Bhd (XKLS:6633) Long-Term Capital Lease Obligation : RM159 Mil (As of Dec. 2023)

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What is Leong Hup International Bhd Long-Term Capital Lease Obligation?

Leong Hup International Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM159 Mil.

Leong Hup International Bhd's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (RM155 Mil) to Sep. 2023 (RM152 Mil) but then increased from Sep. 2023 (RM152 Mil) to Dec. 2023 (RM159 Mil).

Leong Hup International Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (RM158 Mil) to Dec. 2022 (RM162 Mil) but then declined from Dec. 2022 (RM162 Mil) to Dec. 2023 (RM159 Mil).

Leong Hup International Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leong Hup International 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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Leong Hup International Bhd Long-Term Capital Lease Obligation Chart

Leong Hup International Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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125.11

155.66

157.81

162.50

158.54

Leong Hup International Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															162.50	151.66	155.36	152.31	158.54

Leong Hup International Bhd (XKLS:6633) 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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Leong Hup International Bhd (XKLS:6633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leong Hup International Bhd (XKLS:6633) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3rd Floor, Wisma Westcourt, Number 126, Jalan Kelang Lama, Wilayah Persekutuan, Kuala Lumpur, MYS, 58000

Website

https://www.leonghupinternational.com

Leong Hup International Bhd is an integrated producer of poultry, eggs, and livestock feed. The operating segments of the group are Livestock and poultry-related products and Feedmill. Livestock and poultry-related products include the production and distribution of breeder and broiler day-old-chick, broiler chickens, eggs, animal health products, and consumer food products. The Feedmill segment involves the manufacturing and trading of animal feeds. The group has a business presence in Malaysia, Singapore, Indonesia, Vietnam, and the Philippines, of which key revenue is derived from Indonesia.

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