Hollysys Automation Technologies (Hollysys Automation Technologies) Long-Term Capital Lease Obligation : $1.2 Mil (As of Dec. 2023)

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What is Hollysys Automation Technologies Long-Term Capital Lease Obligation?

Hollysys Automation Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.2 Mil.

Hollysys Automation Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1.1 Mil) to Sep. 2023 ($1.0 Mil) but then increased from Sep. 2023 ($1.0 Mil) to Dec. 2023 ($1.2 Mil).

Hollysys Automation Technologies's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($2.9 Mil) to Jun. 2022 ($1.3 Mil) and declined from Jun. 2022 ($1.3 Mil) to Jun. 2023 ($1.1 Mil).

Hollysys Automation Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hollysys Automation Technologies'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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Hollysys Automation Technologies Long-Term Capital Lease Obligation Chart

Hollysys Automation Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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3.30

2.93

1.28

1.10

Hollysys Automation Technologies 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															1.20	1.34	1.10	1.02	1.23

Hollysys Automation Technologies (NAS:HOLI) 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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Hollysys Automation Technologies (Hollysys Automation Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hollysys Automation Technologies Ltd (NAS:HOLI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

46H:Germany

Address

No. 2 Disheng Middle Road, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

https://www.hollysys.com/index.php

Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.