Grand T G Gold Holdings (HKSE:08299) Long-Term Capital Lease Obligation : HK$0.3 Mil (As of Sep. 2023)

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What is Grand T G Gold Holdings Long-Term Capital Lease Obligation?

Grand T G Gold Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.3 Mil.

Grand T G Gold Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (HK$0.0 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.3 Mil).

Grand T G Gold Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand T G Gold 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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Grand T G Gold Holdings Long-Term Capital Lease Obligation Chart

Grand T G Gold Holdings Annual Data

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Long-Term Capital Lease Obligation

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0.07

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.30

Grand T G Gold Holdings (HKSE:08299) 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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Grand T G Gold Holdings (HKSE:08299) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Long-Term Capital Lease Obligation

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

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