Nissin Foods Co (HKSE:01475) Long-Term Capital Lease Obligation : HK$1 Mil (As of Dec. 2023)

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What is Nissin Foods Co Long-Term Capital Lease Obligation?

Nissin Foods Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil.

Nissin Foods Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$2 Mil) to Sep. 2023 (HK$4 Mil) but then declined from Sep. 2023 (HK$4 Mil) to Dec. 2023 (HK$1 Mil).

Nissin Foods Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$6 Mil) to Dec. 2022 (HK$2 Mil) and declined from Dec. 2022 (HK$2 Mil) to Dec. 2023 (HK$1 Mil).

Nissin Foods Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nissin Foods 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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Nissin Foods Co Long-Term Capital Lease Obligation Chart

Nissin Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

9.40

5.64

2.13

1.11

Nissin Foods Co Quarterly Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2.13	1.74	3.58	1.11

Nissin Foods Co (HKSE:01475) 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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Nissin Foods Co (HKSE:01475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Co Ltd (HKSE:01475) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

4NS:Germany

Address

11-13 Dai Shun Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.nissingroup.com.hk

Nissin Foods Co Ltd is a Hong Kong-based company. The company produces and sell instant noodle, frozen food, retort foods, beverage products and snacks in Hong Kong and China. It sells its products under the brand name NISSIN, DOLL, Cup Noodles, Doll Instant Noodle, and Fuku. The company's operating segments include HK Operations and PRC Operations. It derives a majority of revenue from the PRC Operations segment.

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