EverChina Int'l Holdings Co (HKSE:00202) Long-Term Capital Lease Obligation : HK$0.6 Mil (As of Sep. 2023)

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What is EverChina Int'l Holdings Co Long-Term Capital Lease Obligation?

EverChina Int'l Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.6 Mil.

EverChina Int'l Holdings Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.0 Mil) but then increased from Mar. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.6 Mil).

EverChina Int'l Holdings Co's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$0.2 Mil) but then declined from Mar. 2022 (HK$0.2 Mil) to Mar. 2023 (HK$0.0 Mil).

EverChina Int'l Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for EverChina Int'l Holdings Co'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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EverChina Int'l Holdings Co Long-Term Capital Lease Obligation Chart

EverChina Int'l Holdings Co Annual Data

Trend

Mar14

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Mar23

Long-Term Capital Lease Obligation

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0.76

0.24

EverChina Int'l Holdings Co 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															0.58	0.24	-	-	0.58

EverChina Int'l Holdings Co (HKSE:00202) 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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EverChina Int'l Holdings Co (HKSE:00202) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » EverChina Int'l Holdings Co Ltd (HKSE:00202) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

151 Gloucester Road, Capital Centre, Unit 1506, 15th Floor, Wanchai, Hong Kong, HKG

Website

https://www.everchina202.com.hk

EverChina Int'l Holdings Co Ltd is a Hong Kong-based investment holding company. The company's operating segment include Property investment operation; Hotel operation; Securities investment and financing operation; Resources operation and Agricultural operation. Property investment operation segment is engaged in the leasing of rental property in PRC and Hong Kong. Agricultural operation segment is engaged in the agricultural farming, cattle raising and sales of cattle, soybean, corn, and rice in the Plurinational State of Bolivia. It generates maximum revenue from the Agricultural operation segment. Geographically, it derives a majority of revenue from Bolivia.

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