Greater China Financial Holdings (HKSE:00431) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is Greater China Financial Holdings Long-Term Capital Lease Obligation?

Greater China Financial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Greater China Financial Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.78 Mil) to Jun. 2023 (HK$1.83 Mil) and declined from Jun. 2023 (HK$1.83 Mil) to Dec. 2023 (HK$0.00 Mil).

Greater China Financial Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$10.99 Mil) to Dec. 2022 (HK$4.78 Mil) and declined from Dec. 2022 (HK$4.78 Mil) to Dec. 2023 (HK$0.00 Mil).

Greater China Financial Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greater China Financial 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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Greater China Financial Holdings Long-Term Capital Lease Obligation Chart

Greater China Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.29

0.06

10.99

4.78

Greater China Financial 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															10.99	8.37	4.78	1.83	-

Greater China Financial Holdings (HKSE:00431) 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.

Greater China Financial Holdings Long-Term Capital Lease Obligation Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Greater China Financial Holdings Ltd (HKSE:00431) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.greaterchina.com.hk

Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.

Executives

Liu Kequan	2101 Beneficial owner
Chen Zheng	2201 Interest of corporation controlled by you
Skill Rich Limited	2101 Beneficial owner
Chu Lam Yiu	2101 Beneficial owner
Eastern Spring Global Limited	2101 Beneficial owner
Yang Dayong
Greater China Financial Holdings Limited	2201 Interest of corporation controlled by you
Harmonic Edge Limited	2106 Person having a security interest in shares
Liang Miaoxin	2202 Interest of your spouse

Greater China Financial Holdings (HKSE:00431) Headlines

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