Tianli Holdings Group (HKSE:00117) Long-Term Capital Lease Obligation : HK$1.7 Mil (As of Dec. 2023)

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What is Tianli Holdings Group Long-Term Capital Lease Obligation?

Tianli Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.7 Mil.

Tianli Holdings Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$6.6 Mil) to Jun. 2023 (HK$1.7 Mil) and declined from Jun. 2023 (HK$1.7 Mil) to Dec. 2023 (HK$1.7 Mil).

Tianli Holdings Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$20.4 Mil) to Dec. 2022 (HK$6.6 Mil) and declined from Dec. 2022 (HK$6.6 Mil) to Dec. 2023 (HK$1.7 Mil).

Tianli Holdings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tianli Holdings Group'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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Tianli Holdings Group Long-Term Capital Lease Obligation Chart

Tianli Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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32.42

28.21

20.37

6.57

1.73

Tianli Holdings Group 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															20.37	12.99	6.57	1.74	1.73

Tianli Holdings Group (HKSE:00117) 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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Tianli Holdings Group (HKSE:00117) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianli Holdings Group Ltd (HKSE:00117) » Definitions » Long-Term Capital Lease Obligation

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Address

99 Queen’s Road Central, Suites 2711-12, 27th Floor, The Center, Hong Kong, HKG

Website

http://www.tlhg.com.hk

Tianli Holdings Group Ltd is an investment holding company principally engaged in the manufacturing and sales of electronic products with current focus on multi-layer ceramic chips (MLCC) products. It also provides financial services including direct investments in debt, equity and any other assets, asset management, and financial advisory services. The company operates in Mainland China, Hong Kong, and Other countries.

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