Ruihe Data Technology Holdings (HKSE:03680) Long-Term Capital Lease Obligation : HK$6.7 Mil (As of Dec. 2023)

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What is Ruihe Data Technology Holdings Long-Term Capital Lease Obligation?

Ruihe Data Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6.7 Mil.

Ruihe Data Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.9 Mil) to Jun. 2023 (HK$3.8 Mil) but then increased from Jun. 2023 (HK$3.8 Mil) to Dec. 2023 (HK$6.7 Mil).

Ruihe Data Technology Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$21.8 Mil) to Dec. 2022 (HK$4.9 Mil) but then increased from Dec. 2022 (HK$4.9 Mil) to Dec. 2023 (HK$6.7 Mil).

Ruihe Data Technology Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ruihe Data Technology 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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Ruihe Data Technology Holdings Long-Term Capital Lease Obligation Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.01

37.64

21.77

4.91

6.73

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								21.77	16.36	4.91	3.77	6.73

Ruihe Data Technology Holdings (HKSE:03680) 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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Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

Executives

Xue Shouguang	2201 Interest of corporation controlled by you
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Shen Zhen Shi Gao Sheng Da Lv You Qi Che Fu Wu You Xian Gong Si	2101 Beneficial owner
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Chen Weiping	2202 Interest of your spouse
Wu Xinlan	2202 Interest of your spouse
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Wang Donglin	2101 Beneficial owner
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Wu Xiaohua	2201 Interest of corporation controlled by you
Chi Xianfang	2202 Interest of your spouse
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Song Hongtao	2101 Beneficial owner
Benefit Ocean Holdings Limited	2101 Beneficial owner

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