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Folangsi Co (HKSE:02499) Long-Term Capital Lease Obligation : HK$526 Mil (As of Dec. 2023)


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What is Folangsi Co Long-Term Capital Lease Obligation?

Folangsi Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$526 Mil.

Folangsi Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$563 Mil) to Dec. 2022 (HK$483 Mil) but then increased from Dec. 2022 (HK$483 Mil) to Dec. 2023 (HK$526 Mil).

Folangsi Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$563 Mil) to Dec. 2022 (HK$483 Mil) but then increased from Dec. 2022 (HK$483 Mil) to Dec. 2023 (HK$526 Mil).

Folangsi Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Folangsi 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.

* Premium members only.

Folangsi Co Long-Term Capital Lease Obligation Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
500.98 562.77 482.64 526.36

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation 500.98 562.77 482.64 526.36

Folangsi Co  (HKSE:02499) 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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Folangsi Co (HKSE:02499) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

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