Quam Plus International Financial (HKSE:00952) Long-Term Capital Lease Obligation : HK$49.4 Mil (As of Dec. 2023)

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What is Quam Plus International Financial Long-Term Capital Lease Obligation?

Quam Plus International Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$49.4 Mil.

Quam Plus International Financial's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$27.1 Mil) to Jun. 2023 (HK$55.3 Mil) but then declined from Jun. 2023 (HK$55.3 Mil) to Dec. 2023 (HK$49.4 Mil).

Quam Plus International Financial's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$13.9 Mil) to Dec. 2022 (HK$27.1 Mil) and increased from Dec. 2022 (HK$27.1 Mil) to Dec. 2023 (HK$49.4 Mil).

Quam Plus International Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quam Plus International Financial'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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Quam Plus International Financial Long-Term Capital Lease Obligation Chart

Quam Plus International Financial Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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58.64

44.81

13.88

27.07

49.45

Quam Plus International Financial Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13.88	0.85	27.07	55.34	49.45

Quam Plus International Financial (HKSE:00952) 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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Quam Plus International Financial (HKSE:00952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Quam Plus International Financial Ltd (HKSE:00952) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

29 Queen’s Road Central, 18th and 19th Floor, China Building, Hong Kong, HKG

Website

https://www.quamplus.com

Quam Plus International Financial Ltd Formerly China Tonghai International Financial Ltd is an investment holding company. Its activities include corporate finance advisory and general advisory services; fund management, discretionary portfolio management and portfolio management advisory services; discretionary and non-discretionary dealing services for securities, futures and options, securities placing and underwriting services, margin financing, insurance broking and wealth management services; money lending services; financial media services; and investing and trading of various investment products. Its segments include corporate finance; asset management; brokerage; interest income; investments; and others segment.

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