CSMall Group (HKSE:01815) Long-Term Capital Lease Obligation : HK$2.4 Mil (As of Dec. 2023)

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What is CSMall Group Long-Term Capital Lease Obligation?

CSMall Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil.

CSMall Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$2.0 Mil) to Jun. 2023 (HK$2.4 Mil) but then declined from Jun. 2023 (HK$2.4 Mil) to Dec. 2023 (HK$2.4 Mil).

CSMall Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$6.4 Mil) to Dec. 2022 (HK$2.0 Mil) but then increased from Dec. 2022 (HK$2.0 Mil) to Dec. 2023 (HK$2.4 Mil).

CSMall Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for CSMall 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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CSMall Group Long-Term Capital Lease Obligation Chart

CSMall Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.89

4.17

6.42

2.03

2.35

CSMall Group Semi-Annual Data
	Dec14	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												6.42	4.06	2.03	2.36	2.35

CSMall Group (HKSE:01815) 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.

CSMall Group Long-Term Capital Lease Obligation Related Terms

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CSMall Group (HKSE:01815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CSMall Group Ltd (HKSE:01815) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 99 Beili North Road, 29th Floor Shuibei International, Guangdong Province, Luohu District, Shenzhen, CHN, 518000

Website

https://www.csmall.com

CSMall Group Ltd is an investment holding company that operates in the online Jewellery market. The company, along with its subsidiaries, is engaged in the business of design and sale of gold, silver, and other jewelry products. It derives revenue from different sources including Online Sales Channels and Offline Sales and Service networks. The key revenue is derived from Online Sales Channels which comprises a Self-operated online platform and Third-party online sales channels. It has two segments New Jewellery Retail segment and the Fresh Food Retail segment. Its geographical segments are PRC and Hong Kong, of which nearly all of its is generated from the PRC.

Executives

Xue Meiqi	2101 Beneficial owner
Lin Ting	2101 Beneficial owner
China Silver Group Limited	2101 Beneficial owner
Yao Runxiong	2101 Beneficial owner

CSMall Group (HKSE:01815) Headlines

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