Volcano Spring International Holdings (HKSE:01715) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Jun. 2023)

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What is Volcano Spring International Holdings Long-Term Capital Lease Obligation?

Volcano Spring International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.00 Mil.

Volcano Spring International Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$0.55 Mil) to Dec. 2022 (HK$0.07 Mil) and declined from Dec. 2022 (HK$0.07 Mil) to Jun. 2023 (HK$0.00 Mil).

Volcano Spring International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.57 Mil) to Dec. 2022 (HK$0.07 Mil) but then increased from Dec. 2022 (HK$0.07 Mil) to Dec. 2023 (HK$0.63 Mil).

Volcano Spring International Holdings Long-Term Capital Lease Obligation Historical Data

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

Volcano Spring International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.80

2.03

1.57

0.07

0.63

Volcano Spring International Holdings Semi-Annual Data
	Dec15	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											1.57	0.55	0.07	-	0.63

Volcano Spring International Holdings (HKSE:01715) 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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Volcano Spring International Holdings (HKSE:01715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Volcano Spring International Holdings Ltd (HKSE:01715) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114

Website

http://www.mijiholdings.com

Volcano Spring International Holdings Ltd Formerly Miji International Holdings Ltd is engaged in developing, manufacturing, and selling premium kitchen appliances. Its products are Hobs and Stoves including radiant stoves and induction stoves, pots, and pans. It sells its products under the brand name Miji Design, Miji Home, and Miju Pro. It generates a majority of its revenue from the sale of Hobs and stoves (Radiant). Geographically, it generates its revenue from the People's Republic of China.

Executives

Seashore Global Enterprises Limited	2101 Beneficial owner
Wu Huizhang	2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng	2101 Beneficial owner
Maeck Can Yue	2201 Interest of corporation controlled by you
Wide Big Investment Limited	2101 Beneficial owner

Volcano Spring International Holdings (HKSE:01715) Headlines

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