Kingboard Holdings (HKSE:00148) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2023)

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What is Kingboard Holdings Long-Term Capital Lease Obligation?

Kingboard Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil.

Kingboard Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$5 Mil) to Jun. 2023 (HK$3 Mil) and declined from Jun. 2023 (HK$3 Mil) to Dec. 2023 (HK$2 Mil).

Kingboard Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$6 Mil) to Dec. 2022 (HK$5 Mil) and declined from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$2 Mil).

Kingboard Holdings Long-Term Capital Lease Obligation Historical Data

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

Kingboard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.31

9.79

6.43

4.71

1.97

Kingboard Holdings 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															6.43	4.77	4.71	2.74	1.97

Kingboard Holdings (HKSE:00148) 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.

Kingboard Holdings Long-Term Capital Lease Obligation Related Terms

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Kingboard Holdings (HKSE:00148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingboard Holdings Ltd (HKSE:00148) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KBDCY:USA KBDCF:USA KGZ:Germany

Address

3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG

Website

https://www.kingboard.com

Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: manufacture and sale of laminates; manufacture and sale of printed circuit boards; manufacture and sale of chemicals; sales and rental of properties; investments; and others including service income, manufacture, and sale of magnetic products and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, and America, out of which China accounts for the majority of the revenue.

Executives

Hallgain Management Limited	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Fidelity Puritan Trust	2101 Beneficial owner

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