Vanov Holdings Co (HKSE:02260) Long-Term Capital Lease Obligation : HK$36.3 Mil (As of Dec. 2023)

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What is Vanov Holdings Co Long-Term Capital Lease Obligation?

Vanov Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$36.3 Mil.

Vanov Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$40.0 Mil) to Jun. 2023 (HK$19.3 Mil) but then increased from Jun. 2023 (HK$19.3 Mil) to Dec. 2023 (HK$36.3 Mil).

Vanov Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$17.4 Mil) to Dec. 2022 (HK$40.0 Mil) but then declined from Dec. 2022 (HK$40.0 Mil) to Dec. 2023 (HK$36.3 Mil).

Vanov Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vanov Holdings Co'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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Vanov Holdings Co Long-Term Capital Lease Obligation Chart

Vanov Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.01

1.59

17.40

39.97

36.32

Vanov Holdings Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					17.40	41.65	39.97	19.34	36.32

Vanov Holdings Co (HKSE:02260) 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.

Vanov Holdings Co Long-Term Capital Lease Obligation Related Terms

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Vanov Holdings Co (HKSE:02260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN

Website

http://www.canov.cn

Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture and sales of papermaking felts. The company has its variety of products which includes Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, Pulp papermaking felts. The company generates majority of its revenue from The PRC region.

Executives

Shen Genlian	2307 Founder of a discretionary trust who can infl
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Zhou Jun	2202 Interest of your spouse
Perfect Angle Limited	2101 Beneficial owner
Wonderful Advisor Limited

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