Huabao International Holdings (Huabao International Holdings) Long-Term Capital Lease Obligation : $4.0 Mil (As of Dec. 2023)

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What is Huabao International Holdings Long-Term Capital Lease Obligation?

Huabao International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.0 Mil.

Huabao International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($5.3 Mil) to Jun. 2023 ($5.0 Mil) and declined from Jun. 2023 ($5.0 Mil) to Dec. 2023 ($4.0 Mil).

Huabao International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.5 Mil) to Dec. 2022 ($5.3 Mil) but then declined from Dec. 2022 ($5.3 Mil) to Dec. 2023 ($4.0 Mil).

Huabao International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huabao International Holdings'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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Huabao International Holdings Long-Term Capital Lease Obligation Chart

Huabao International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.57

6.02

3.48

5.35

3.97

Huabao International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.48	3.36	5.35	5.04	3.97

Huabao International Holdings (OTCPK:HUIHY) 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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Huabao International Holdings (Huabao International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huabao International Holdings Ltd (OTCPK:HUIHY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

HUABF:USA 00336:Hong Kong CEY2:Germany

Address

18 Harbour Road, Suite 3008, 30th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.huabao.com.hk

Huabao International Holdings Ltd is an investment holding company. Its segments are Flavours and fragrances, Tobacco raw materials, aroma raw materials, and Condiments. The company generates maximum revenue from Flavours and fragrances segment. Its Flavours and fragrances segment includes research and development, production and sale of flavors and fragrances products.

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