South China Financial Holdings (HKSE:00619) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2024)

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What is South China Financial Holdings Long-Term Capital Lease Obligation?

South China Financial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.00 Mil.

South China Financial Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$0.07 Mil) to Jun. 2024 (HK$0.00 Mil) but then stayed the same from Jun. 2024 (HK$0.00 Mil) to Dec. 2024 (HK$0.00 Mil).

South China Financial Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.00 Mil) to Dec. 2023 (HK$0.07 Mil) but then declined from Dec. 2023 (HK$0.07 Mil) to Dec. 2024 (HK$0.00 Mil).

South China Financial Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for South China Financial 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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South China Financial Holdings Long-Term Capital Lease Obligation Chart

South China Financial Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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3.03

1.36

0.07

South China Financial Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.07	-	-

South China Financial Holdings (HKSE:00619) 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.

South China Financial Holdings Long-Term Capital Lease Obligation Related Terms

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South China Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » South China Financial Holdings Ltd (HKSE:00619) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Garden Road, 28th Floor, Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.sctrade.com

South China Financial Holdings Ltd is an investment holding company. Its business activities are segmented as Broking segment; Trading and investment segment; Margin financing and money lending segment; Corporate advisory and underwriting segment; Asset and wealth management segment; Property investment segment and other business segments that engage in the provision of clearing and custodian services. It generates key revenue from the Media publications and financial public relations services segment. The group generates prime revenue from Hong Kong.

Executives

Ng Yuk Yeung Paul	2101 Beneficial owner
Thousand China Investments Limited	2101 Beneficial owner
Ng Hung Sang	2201 Interest of corporation controlled by you
Ng Lai King Pamela	2202 Interest of your spouse
Total Grace Investments Limited	2101 Beneficial owner
Parkfield Holdings Limited	2101 Beneficial owner
Fung Shing Group Limited	2101 Beneficial owner

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