Minerva Group Holding (HKSE:00397) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is Minerva Group Holding Long-Term Capital Lease Obligation?

Minerva Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Minerva Group Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.35 Mil) to Jun. 2023 (HK$0.00 Mil) but then stayed the same from Jun. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.00 Mil).

Minerva Group Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.00 Mil) to Dec. 2022 (HK$0.35 Mil) but then declined from Dec. 2022 (HK$0.35 Mil) to Dec. 2023 (HK$0.00 Mil).

Minerva Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Minerva Group Holding'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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Minerva Group Holding Long-Term Capital Lease Obligation Chart

Minerva Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

2.91

0.35

Minerva Group Holding 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															-	1.38	0.35	-	-

Minerva Group Holding (HKSE:00397) 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.

Minerva Group Holding Long-Term Capital Lease Obligation Related Terms

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Minerva Group Holding (HKSE:00397) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.powerfinancial.com.hk

Minerva Group Holding Ltd Formerly Power Financial Group Ltd is principally engaged in the financial services business, money lending business, and asset investment, t. The company operates through four segments Financial Services segment provides financial services including securities brokerage, placing, and corporate finance advisory services in Hong Kong; the Money Lending segment provides loan financing in Hong Kong; and Assets investment segment that invests in debt securities earning fixed interest income, as well as investments in listed and unlisted equity securities and investment funds earning variable returns and gains. It derives the majority of its revenue from the Money lending segment. It derives revenue from Hong Kong.

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