AP Rentals Holdings (HKSE:01496) Long-Term Capital Lease Obligation : HK$1.7 Mil (As of Sep. 2023)

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What is AP Rentals Holdings Long-Term Capital Lease Obligation?

AP Rentals Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.7 Mil.

AP Rentals Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.6 Mil) to Mar. 2023 (HK$3.4 Mil) but then declined from Mar. 2023 (HK$3.4 Mil) to Sep. 2023 (HK$1.7 Mil).

AP Rentals Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$1.9 Mil) to Mar. 2022 (HK$0.9 Mil) but then increased from Mar. 2022 (HK$0.9 Mil) to Mar. 2023 (HK$3.4 Mil).

AP Rentals Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for AP Rentals Holdings'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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AP Rentals Holdings Long-Term Capital Lease Obligation Chart

AP Rentals Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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4.38

1.87

0.93

3.39

AP Rentals Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													0.92	0.93	0.57	3.39	1.73

AP Rentals Holdings (HKSE:01496) 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.

AP Rentals Holdings Long-Term Capital Lease Obligation Related Terms

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AP Rentals Holdings (HKSE:01496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AP Rentals Holdings Ltd (HKSE:01496) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 75, Mody Road, Unit 806A, 8th Floor, Tower II, South Seas Centre, Kowloon, Hong Kong, HKG

Website

https://www.aprentalshk.com

AP Rentals Holdings Ltd operates as an equipment rental service company in Hong Kong. The company's operating segment includes Leasing and Trading. where the leasing segment is engaged in the leasing of machinery, lease-related operating service, repair and maintenance service, delivery service, and installation service, and the trading segment includes sales of machinery and parts. The company generates maximum revenue from the Leasing segment. Geographically, the company derives the majority of its revenue from Hong Kong and has a presence in Macau, PRC, and Singapore.

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