Edvantage Group Holdings (HKSE:00382) Long-Term Capital Lease Obligation : HK$6 Mil (As of Aug. 2024)

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

Edvantage Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was HK$6 Mil.

Edvantage Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (HK$7 Mil) to Feb. 2024 (HK$6 Mil) but then increased from Feb. 2024 (HK$6 Mil) to Aug. 2024 (HK$6 Mil).

Edvantage Group Holdings's annual Long-Term Capital Lease Obligation declined from Aug. 2022 (HK$14 Mil) to Aug. 2023 (HK$7 Mil) and declined from Aug. 2023 (HK$7 Mil) to Aug. 2024 (HK$6 Mil).

Edvantage Group Holdings Long-Term Capital Lease Obligation Historical Data

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

Edvantage Group Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Long-Term Capital Lease Obligation

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29.01

19.42

13.92

7.28

5.85

Edvantage Group Holdings Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											13.92	11.45	7.28	5.51	5.85

Edvantage Group Holdings (HKSE:00382) 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.

Edvantage Group Holdings Long-Term Capital Lease Obligation Related Terms

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Edvantage Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Edvantage Group Holdings Ltd (HKSE:00382) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huashang Road, Licheng Street, Zengcheng, Guangzhou, CHN

Website

https://www.edvantagegroup.com.hk

Edvantage Group is a leading private education group based in Greater Bay Area. Edvantage primarily offers higher education. It also provides secondary vocational education and non-formal vocational education service. Higher education accounted for about 86% of revenue in fiscal 2024.

Executives

Chen Yuan Rita	2201 Interest of corporation controlled by you
Liu Yung Chau	2201 Interest of corporation controlled by you
De Bo Jiao Yu Tou Zi Kong Gu You Xian Gong Si	2101 Beneficial owner

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