CEC International Holdings (HKSE:00759) Long-Term Capital Lease Obligation : HK$98 Mil (As of Oct. 2023)

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What is CEC International Holdings Long-Term Capital Lease Obligation?

CEC International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$98 Mil.

CEC International Holdings's quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 (HK$103 Mil) to Apr. 2023 (HK$93 Mil) but then increased from Apr. 2023 (HK$93 Mil) to Oct. 2023 (HK$98 Mil).

CEC International Holdings's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (HK$77 Mil) to Apr. 2022 (HK$86 Mil) and increased from Apr. 2022 (HK$86 Mil) to Apr. 2023 (HK$93 Mil).

CEC International Holdings Long-Term Capital Lease Obligation Historical Data

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

CEC International Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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94.47

76.57

85.56

92.93

CEC International Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															83.66	85.56	102.95	92.93	98.16

CEC International Holdings (HKSE:00759) 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.

CEC International Holdings Long-Term Capital Lease Obligation Related Terms

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CEC International Holdings (HKSE:00759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CEC International Holdings Ltd (HKSE:00759) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 How Ming Street, 2nd Floor, Hing Win Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.0759.com

CEC International Holdings Ltd is an investment holding company. The company operates in three segments Retail business which includes retail of food and beverage, household and personal care products. Electronic component manufacturing segment which is engaged in the design, development, manufacture, and sale of electronic components, including types of coils, inductors, transformers, line filters and electrolytic capacitors and Investment property holdings segment. It generates maximum revenue from the Retail business segment. Geographically, it derives a majority of revenue from PRC.

Executives

Lam Kwok Chung

2305 Beneficiary of a trust

CEC International Holdings (HKSE:00759) Headlines

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