FIT Hon Teng (HKSE:06088) Long-Term Capital Lease Obligation : HK$323 Mil (As of Dec. 2023)

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What is FIT Hon Teng Long-Term Capital Lease Obligation?

FIT Hon Teng's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$323 Mil.

FIT Hon Teng's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$338 Mil) to Jun. 2023 (HK$302 Mil) but then increased from Jun. 2023 (HK$302 Mil) to Dec. 2023 (HK$323 Mil).

FIT Hon Teng's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$362 Mil) to Dec. 2022 (HK$338 Mil) and declined from Dec. 2022 (HK$338 Mil) to Dec. 2023 (HK$323 Mil).

FIT Hon Teng Long-Term Capital Lease Obligation Historical Data

The historical data trend for FIT Hon Teng'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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FIT Hon Teng Long-Term Capital Lease Obligation Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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176.24

221.34

361.97

338.28

322.61

FIT Hon Teng Semi-Annual Data
	Jun16	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											361.97	283.04	338.28	302.43	322.61

FIT Hon Teng (HKSE:06088) 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.

FIT Hon Teng Long-Term Capital Lease Obligation Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

Executives

Lu Sung-ching	2101 Beneficial owner
Hong Hai Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Foxconn (far East) Limited	2201 Interest of corporation controlled by you

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