Computime Group (HKSE:00320) Long-Term Capital Lease Obligation : HK$40 Mil (As of Sep. 2023)

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What is Computime Group Long-Term Capital Lease Obligation?

Computime Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$40 Mil.

Computime Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$37 Mil) to Mar. 2023 (HK$78 Mil) but then declined from Mar. 2023 (HK$78 Mil) to Sep. 2023 (HK$40 Mil).

Computime Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$40 Mil) to Mar. 2022 (HK$48 Mil) and increased from Mar. 2022 (HK$48 Mil) to Mar. 2023 (HK$78 Mil).

Computime Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Computime 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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Computime Group Long-Term Capital Lease Obligation Chart

Computime Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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51.19

39.80

48.39

78.10

Computime Group 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															38.65	48.39	36.95	78.10	40.01

Computime Group (HKSE:00320) 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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Computime Group (HKSE:00320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Computime Group Ltd (HKSE:00320) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

20 Science Park East Avenue, 6th Floor, Building 20E, Phase 3, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.computime.com

Computime Group Ltd is engaged in research and development, design, manufacture, trading, and distribution of electronic control products. The company operates in business segments that include the Control Solutions Business provides design, engineering, technology, and manufacturing services, including Original Equipment Manufacturer (OEM) and Original Design Manufacturer; and the Branded Business segment, which offers smart home, energy management, and home solutions to professional installers, property developers, utility companies, and wholesaler. The company generates a vast majority of its revenue from the Control solutions segment. Geographically, the operations are spread throughout America, Europe, Oceania, and Asia.

Executives

Heung Lap Chi Eugene	2101 Beneficial owner
Leung Yee Li Lana	2202 Interest of your spouse
Yeoman 3-rights Value Asia Fund Vcc	2101 Beneficial owner
Lim Mee Hwa	2201 Interest of corporation controlled by you
Yeo Seng Chong	2201 Interest of corporation controlled by you
Yeoman Capital Management Pte Ltd	2201 Interest of corporation controlled by you
Auyang Ho
Tse Shuk Ming

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