GoFintech Quantum Innovation (HKSE:00290) Long-Term Capital Lease Obligation : HK$10.90 Mil (As of Sep. 2024)

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What is GoFintech Quantum Innovation Long-Term Capital Lease Obligation?

GoFintech Quantum Innovation's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$10.90 Mil.

GoFintech Quantum Innovation's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$0.01 Mil) to Mar. 2024 (HK$14.70 Mil) but then declined from Mar. 2024 (HK$14.70 Mil) to Sep. 2024 (HK$10.90 Mil).

GoFintech Quantum Innovation's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$4.83 Mil) to Mar. 2023 (HK$0.11 Mil) but then increased from Mar. 2023 (HK$0.11 Mil) to Mar. 2024 (HK$14.70 Mil).

GoFintech Quantum Innovation Long-Term Capital Lease Obligation Historical Data

The historical data trend for GoFintech Quantum Innovation'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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GoFintech Quantum Innovation Long-Term Capital Lease Obligation Chart

GoFintech Quantum Innovation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1.27

11.19

4.83

0.11

14.70

GoFintech Quantum Innovation Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.62	0.11	0.01	14.70	10.90

GoFintech Quantum Innovation (HKSE:00290) 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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GoFintech Quantum Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Quantum Innovation Ltd (HKSE:00290) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Room 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China.

Executives

Liu Zhiwei	2101 Beneficial owner
Wang Tao	2101 Beneficial owner
Ps Trust Limited	2301 Trustee
Gofintech Esop Limited
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner

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