Viva Goods Co (Viva Goods Co) Long-Term Capital Lease Obligation : $178 Mil (As of Jun. 2023)

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What is Viva Goods Co Long-Term Capital Lease Obligation?

Viva Goods Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $178 Mil.

Viva Goods Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($185 Mil) to Mar. 2023 ($0 Mil) but then increased from Mar. 2023 ($0 Mil) to Jun. 2023 ($178 Mil).

Viva Goods Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($46 Mil) to Dec. 2022 ($185 Mil) but then declined from Dec. 2022 ($185 Mil) to Dec. 2023 ($177 Mil).

Viva Goods Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Viva Goods Co'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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Viva Goods Co Long-Term Capital Lease Obligation Chart

Viva Goods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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21.69

35.28

46.50

184.72

176.89

Viva Goods Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	184.72	-	178.29	176.89

Viva Goods Co (OTCPK:VVCHF) 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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Viva Goods Co (Viva Goods Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Viva Goods Co Ltd (OTCPK:VVCHF) » Definitions » Long-Term Capital Lease Obligation

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00933:Hong Kong

Address

9 Tong Yin Street, 2/F, Pop Office, Tseung Kwan O, New Territories, Hong Kong, HKG

Website

https://www.vivagoods.hk

Viva Goods Co Ltd is principally engaged in the operation of multi-brand apparel and footwear business. The company also engages in the sports experience business, including the operation, service provision, and investment of sports destinations, sports competitions, and events, as well as an e-sports club.

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