Tai United Holdings (HKSE:00718) Long-Term Capital Lease Obligation : HK$0.6 Mil (As of Jun. 2023)

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What is Tai United Holdings Long-Term Capital Lease Obligation?

Tai United Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.6 Mil.

Tai United Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$3.3 Mil) to Dec. 2022 (HK$2.0 Mil) and declined from Dec. 2022 (HK$2.0 Mil) to Jun. 2023 (HK$0.6 Mil).

Tai United Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$3.9 Mil) to Dec. 2021 (HK$1.5 Mil) but then increased from Dec. 2021 (HK$1.5 Mil) to Dec. 2022 (HK$2.0 Mil).

Tai United Holdings Long-Term Capital Lease Obligation Historical Data

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

Tai United Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.23

3.94

1.53

2.01

Tai United Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.26	1.53	3.32	2.01	0.57

Tai United Holdings (HKSE:00718) 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.

Tai United Holdings Long-Term Capital Lease Obligation Related Terms

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Tai United Holdings (HKSE:00718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Tai United Holdings Ltd (HKSE:00718) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4202–03A, 42th Floor, China Resource Building, Wanchai, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/taiunited/index.ht

Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.

Executives

Satinu Resources Group Ltd.	2201 Interest of corporation controlled by you
Songbird Sg Pte. Ltd.	2101 Beneficial owner

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