Crocodile Garments (HKSE:00122) Long-Term Capital Lease Obligation : HK$13.15 Mil (As of Jan. 2024)

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What is Crocodile Garments Long-Term Capital Lease Obligation?

Crocodile Garments's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was HK$13.15 Mil.

Crocodile Garments's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 (HK$6.63 Mil) to Jul. 2023 (HK$8.21 Mil) and increased from Jul. 2023 (HK$8.21 Mil) to Jan. 2024 (HK$13.15 Mil).

Crocodile Garments's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (HK$8.62 Mil) to Jul. 2022 (HK$4.14 Mil) but then increased from Jul. 2022 (HK$4.14 Mil) to Jul. 2023 (HK$8.21 Mil).

Crocodile Garments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Crocodile Garments'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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Crocodile Garments Long-Term Capital Lease Obligation Chart

Crocodile Garments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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25.95

8.62

4.14

8.21

Crocodile Garments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.45	4.14	6.63	8.21	13.15

Crocodile Garments (HKSE:00122) 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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Crocodile Garments (HKSE:00122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocodile Garments Ltd (HKSE:00122) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 79 Hoi Yuen Road, Crocodile Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.crocodile.com.hk

Crocodile Garments Ltd is a Hong Kong-based company engaged in the sale of garments. The firm operates in three reportable segments including Garment and related accessories business, Property investment and letting business and Treasury management. Its products include men's, women's children's clothing, ties, underwear, bags and wallets, belts and shoes. The company generates the majority of the revenue from property investment and letting business.

Executives

Lam Howard	2201 Interest of corporation controlled by you
Lam Wai Shan, Vanessa	2101 Beneficial owner
Honorman Limited	2201 Interest of corporation controlled by you
Rich Promise Limited	2101 Beneficial owner
Lam Kin Ming	2101 Beneficial owner

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