Yangzijiang Financial Holding (SGX:YF8) Long-Term Capital Lease Obligation : S$0.4 Mil (As of Dec. 2023)

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What is Yangzijiang Financial Holding Long-Term Capital Lease Obligation?

Yangzijiang Financial Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.4 Mil.

Yangzijiang Financial Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$0.7 Mil) to Jun. 2023 (S$0.6 Mil) and declined from Jun. 2023 (S$0.6 Mil) to Dec. 2023 (S$0.4 Mil).

Yangzijiang Financial Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$0.0 Mil) to Dec. 2022 (S$0.7 Mil) but then declined from Dec. 2022 (S$0.7 Mil) to Dec. 2023 (S$0.4 Mil).

Yangzijiang Financial Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yangzijiang Financial Holding'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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Yangzijiang Financial Holding Long-Term Capital Lease Obligation Chart

Yangzijiang Financial Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.73

0.36

Yangzijiang Financial Holding Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.73	0.59	0.36

Yangzijiang Financial Holding (SGX:YF8) 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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Yangzijiang Financial Holding (SGX:YF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Yangzijiang Financial Holding Ltd (SGX:YF8) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

YNGFF:USA

Address

9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619

Website

https://www.yzjfin.com

Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

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