Chowngng Holdings International (HKSE:00116) Long-Term Capital Lease Obligation : HK$542 Mil (As of Dec. 2023)

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

Chowngng Holdings International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$542 Mil.

Chowngng Holdings International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$517 Mil) to Jun. 2023 (HK$595 Mil) but then declined from Jun. 2023 (HK$595 Mil) to Dec. 2023 (HK$542 Mil).

Chowngng Holdings International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$423 Mil) to Dec. 2022 (HK$517 Mil) and increased from Dec. 2022 (HK$517 Mil) to Dec. 2023 (HK$542 Mil).

Chowngng Holdings International Long-Term Capital Lease Obligation Historical Data

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

Chowngng Holdings International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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727.01

446.76

423.49

516.74

541.92

Chowngng Holdings International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															423.49	421.33	516.74	595.39	541.92

Chowngng Holdings International (HKSE:00116) 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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Chowngng Holdings International (HKSE:00116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Sang Sang Holdings International Ltd (HKSE:00116) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CJW1:Germany

Address

229 Nathan Road, 4th Floor, Chow Sang Sang Building, Kowloon, Hong Kong, HKG

Website

https://www.chowsangsang.com

Chow Sang Sang Holdings International Ltd is an investment holding company. The company's businesses include the manufacture and retail of jewelry, the distribution of watches, the wholesale of precious metals, and e-commerce platform operation. The manufacture and retail of the Jewellery segment produce jewelry products for the group's retail business and operate retail stores mainly in Hong Kong, Macau, Mainland China, and Taiwan. The group derives the majority of its revenue from the Retail of jewelry and watches segment.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Speed Star Holdings Limited	2101 Beneficial owner
Chow King Sing, Gerald	2201 Interest of corporation controlled by you
Chow Wun Sing, Winston	2307 Founder of a discretionary trust who can infl
Lok Mi Ling, Melane	2202 Interest of your spouse
Ho Ann Ping, Lily	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Schroders Plc	2102 Investment manager
Cititrust Private Trust (cayman) Limited	2301 Trustee

Chowngng Holdings International (HKSE:00116) Headlines

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