E I L Holdings (E I L Holdings) Long-Term Capital Lease Obligation : $0.10 Mil (As of Jun. 2023)

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What is E I L Holdings Long-Term Capital Lease Obligation?

E I L Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.10 Mil.

E I L Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.14 Mil) but then declined from Dec. 2022 ($0.14 Mil) to Jun. 2023 ($0.10 Mil).

E I L Holdings's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.10 Mil) and increased from Dec. 2021 ($0.10 Mil) to Dec. 2022 ($0.14 Mil).

E I L Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for E I L 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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E I L Holdings Long-Term Capital Lease Obligation Chart

E I L Holdings Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.10

0.14

E I L Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	0.10	-	0.14	0.10

E I L Holdings (NAS:EIL) 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.

E I L Holdings Long-Term Capital Lease Obligation Related Terms

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E I L Holdings (E I L Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » E I L Holdings Ltd (NAS:EIL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Unit A, 17/F, Mai Wah Industrial Building, 1-7 Wah Sing Street, Kwai Chung, Hong Kong, HKG

Website

E I L Holdings Ltd is a company principally engaged in the supply of electronic components and sensors to our customers and have positioned themselves as a value-added electronic component, sensor and engineering solutions provider able to provide sensors and components, engineering solutions and reference design, consultation of application feasibility study and professional logistics services in bridging customers and electronic component producers in the electronics industry.

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