China Best Group Holding (HKSE:00370) Long-Term Capital Lease Obligation : HK$7.0 Mil (As of Sep. 2023)

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What is China Best Group Holding Long-Term Capital Lease Obligation?

China Best Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.0 Mil.

China Best Group Holding's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.0 Mil) but then increased from Mar. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$7.0 Mil).

China Best Group Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (HK$5.5 Mil) to Mar. 2022 (HK$3.8 Mil) and declined from Mar. 2022 (HK$3.8 Mil) to Mar. 2023 (HK$0.0 Mil).

China Best Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Long-Term Capital Lease Obligation Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Long-Term Capital Lease Obligation

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5.48

3.84

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.71	3.84	-	-	7.00

China Best Group Holding (HKSE:00370) 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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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

Executives

Ping Pacific Limited	2101 Beneficial owner
Yeung Yat Ping	2101 Beneficial owner
South Leader Limited	2101 Beneficial owner
Li Meng Zhe	2101 Beneficial owner
Max Kensho Capital Group Limited	2101 Beneficial owner
Sunbow Int'l Enterprise Limited	2101 Beneficial owner
Wang Baoning	2101 Beneficial owner
Li Meng Zhe	2201 Interest of corporation controlled by you
Wang Yicheng	2201 Interest of corporation controlled by you

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