Get Nice Financial Group (HKSE:01469) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Sep. 2023)

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What is Get Nice Financial Group Long-Term Capital Lease Obligation?

Get Nice Financial Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.0 Mil.

Get Nice Financial Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$3.6 Mil) to Mar. 2023 (HK$0.0 Mil) but then stayed the same from Mar. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.0 Mil).

Get Nice Financial Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.8 Mil) to Mar. 2022 (HK$7.1 Mil) but then declined from Mar. 2022 (HK$7.1 Mil) to Mar. 2023 (HK$0.0 Mil).

Get Nice Financial Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Get Nice Financial Group'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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Get Nice Financial Group Long-Term Capital Lease Obligation Chart

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Trend

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Long-Term Capital Lease Obligation

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0.83

7.12

Get Nice Financial Group Semi-Annual Data
	Mar13	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.69	7.12	3.58	-	-

Get Nice Financial Group (HKSE:01469) 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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Get Nice Financial Group (HKSE:01469) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Financial Group Ltd (HKSE:01469) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

183 Queen’s Road Central, 10th Floor Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

https://www.getnicefg.com.hk

Get Nice Financial Group Ltd is an investment holding company. The company's segment includes Broking; Securities margin financing; Corporate finance; Asset Management and Investments. The company generates maximum revenue from the Securities margin financing segment. Geographically, the company derives a majority of its revenue from Hong Kong.

Executives

Honeylink Agents Limited
Hung Hon Man

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