Chen Hsong Holdings (HKSE:00057) Long-Term Capital Lease Obligation : HK$15 Mil (As of Sep. 2023)

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What is Chen Hsong Holdings Long-Term Capital Lease Obligation?

Chen Hsong Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$15 Mil.

Chen Hsong Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$4 Mil) to Mar. 2023 (HK$17 Mil) but then declined from Mar. 2023 (HK$17 Mil) to Sep. 2023 (HK$15 Mil).

Chen Hsong Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$1 Mil) to Mar. 2022 (HK$5 Mil) and increased from Mar. 2022 (HK$5 Mil) to Mar. 2023 (HK$17 Mil).

Chen Hsong Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chen Hsong 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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Chen Hsong Holdings Long-Term Capital Lease Obligation Chart

Chen Hsong Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.38

0.63

4.56

17.06

Chen Hsong Holdings Semi-Annual Data
	Mar14	Sep14	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															0.20	4.56	3.52	17.06	15.38

Chen Hsong Holdings (HKSE:00057) 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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Chen Hsong Holdings (HKSE:00057) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chen Hsong Holdings Ltd (HKSE:00057) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CHHGF:USA

Address

18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, HKG

Website

https://www.chenhsong.com

Chen Hsong Holdings Ltd is an investment holding company it is engaged in the business of manufacture and sale of Plastic injection molding machines and related products. The company's services are used in automotive, packaging, home appliances, consumer electronics, mobile phones, and other businesses. The group operates through the geographic segments of Mainland China and Hong Kong, Taiwan, and Other Overseas Countries. The Mainland China and Hong Kong segment generates maximum revenue for the company.

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