Natural Food International Holding (HKSE:01837) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2023)

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What is Natural Food International Holding Long-Term Capital Lease Obligation?

Natural Food International Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil.

Natural Food International Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$5 Mil) to Jun. 2023 (HK$2 Mil) but then increased from Jun. 2023 (HK$2 Mil) to Dec. 2023 (HK$2 Mil).

Natural Food International Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$13 Mil) to Dec. 2022 (HK$5 Mil) and declined from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$2 Mil).

Natural Food International Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Natural Food International Holding'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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Natural Food International Holding Long-Term Capital Lease Obligation Chart

Natural Food International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.00

15.42

12.92

5.29

1.90

Natural Food International Holding 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											12.92	9.36	5.29	1.80	1.90

Natural Food International Holding (HKSE:01837) 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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Natural Food International Holding (HKSE:01837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Food International Holding Ltd (HKSE:01837) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Yuehei Street, No. 8 Haitian 1st Road, 7th Floor, West Tower, Baidu International Building, Binhai Community, Nanshan District, Shenzhen, CHN

Website

http://www.szwgmf.com

Natural Food International Holding Ltd is a natural health food company. Along with its subsidiaries, the company is engaged in processing and selling natural health food in the People's Republic of China. The group sells its products through an extensive network of offline concessionary counters as well as online channels, including e-commerce platforms and self-operated WeChat member stores, of which the majority of revenue is derived through sales made by offline channels. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Executives

Gui Changqing
Zhang Zejun
Yang Zhuoya	2201 Interest of corporation controlled by you
Pepsico, Inc.	2101 Beneficial owner
Beadvance Investments Limited	2101 Beneficial owner
Paddy Aroma Investment Limited
Trident Trust Company (hk) Limited	2301 Trustee
Tian Ran Zi Ben Kong Gu You Xian Gong Si

Natural Food International Holding (HKSE:01837) Headlines

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