Champion Technology Holdings (HKSE:00092) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is Champion Technology Holdings Long-Term Capital Lease Obligation?

Champion Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Champion Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.4 Mil) to Jun. 2023 (HK$0.0 Mil) but then stayed the same from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

Champion Technology Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$2.0 Mil) to Jun. 2022 (HK$0.8 Mil) and declined from Jun. 2022 (HK$0.8 Mil) to Jun. 2023 (HK$0.0 Mil).

Champion Technology Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Champion Technology 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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Champion Technology Holdings Long-Term Capital Lease Obligation Chart

Champion Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.46

3.51

1.95

0.84

Champion Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.84	0.39	-	-

Champion Technology Holdings (HKSE:00092) 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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Champion Technology Holdings (HKSE:00092) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Champion Technology Holdings Ltd (HKSE:00092) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

188 Connaught Road West, Units 4214-15, 42nd Floor, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.champion.hk

Champion Technology Holdings Ltd is engaged in the business of systems sales and licensing. It operates in several segments which include Sales of cultural products, Technology: Smart City Solution Business, Technology Renewable energy, Trading of gasoil and related business, and Strategic investments. It generates maximum revenue from the Technology Renewable energy segment, which includes income from design and sales of renewable energy products and solutions.

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