Palinda Group Holdings (HKSE:08179) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Dec. 2023)

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What is Palinda Group Holdings Long-Term Capital Lease Obligation?

Palinda Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.1 Mil.

Palinda Group Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.0 Mil) but then increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.1 Mil).

Palinda Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.9 Mil) to Dec. 2022 (HK$0.0 Mil) but then increased from Dec. 2022 (HK$0.0 Mil) to Dec. 2023 (HK$0.1 Mil).

Palinda Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Palinda Group 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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Palinda Group Holdings Long-Term Capital Lease Obligation Chart

Palinda Group Holdings Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.85

0.39

1.89

0.09

Palinda Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.09

Palinda Group Holdings (HKSE:08179) 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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Palinda Group Holdings (HKSE:08179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Palinda Group Holdings Ltd (HKSE:08179) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 306-A201, 3 Floor, Harbour Centre, Tower 1, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.palinda.com

Palinda Group Holdings Ltd is engaged in diversified business. It is involved in wine trading, production, sales, and distribution of food products, investment in securities, and money lending business and Catering services. The Group?s revenue is generated from the production, sales, and distribution of food products such as barbequed food and Taiwanese Lou Mei to local supermarket chains in Hong Kong.

Executives

Huang Wei	2101 Beneficial owner
Yuen Wai Ching Loretta	2101 Beneficial owner

Palinda Group Holdings (HKSE:08179) Headlines

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