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Allied Group (Allied Group) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)


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What is Allied Group Long-Term Capital Lease Obligation?

Allied Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.


Allied Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allied Group'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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Allied Group Long-Term Capital Lease Obligation Chart

Allied Group Annual Data
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Long-Term Capital Lease Obligation
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Allied Group Semi-Annual Data
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Allied Group  (OTCPK:ALEDY) 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.

Allied Group Long-Term Capital Lease Obligation Related Terms

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Allied Group (Allied Group) Business Description

Traded in Other Exchanges
Address
138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Allied Group Ltd is a Hong Kong-based investment holding company. The segments in which the company operates are investment and finance which includes investment and provision of mortgage loan and term loan financing. 2) Consumer finance segment includes the provision of consumer, SME and other financing. 3) Property development includes the business of development of properties. 4) Property investment includes property rental and hotel operations managed by third parties. 5) Property management includes the provision of property management, cleaning and security guarding services. 6) Elderly care services include the provision of elderly care services. 7) Corporate and other operations include corporate revenue and expenses, other operations and results of unallocated operations.

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