Lee Kee Holdings (HKSE:00637) Long-Term Capital Lease Obligation : HK$6 Mil (As of Sep. 2023)

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What is Lee Kee Holdings Long-Term Capital Lease Obligation?

Lee Kee Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6 Mil.

Lee Kee Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$7 Mil) to Mar. 2023 (HK$6 Mil) and declined from Mar. 2023 (HK$6 Mil) to Sep. 2023 (HK$6 Mil).

Lee Kee Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0 Mil) to Mar. 2022 (HK$8 Mil) but then declined from Mar. 2022 (HK$8 Mil) to Mar. 2023 (HK$6 Mil).

Lee Kee Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lee Kee 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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Lee Kee Holdings Long-Term Capital Lease Obligation Chart

Lee Kee Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.57

0.01

7.60

5.96

5.78

Lee Kee Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.60	6.52	5.96	5.84	5.78

Lee Kee Holdings (HKSE:00637) 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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Lee Kee Holdings (HKSE:00637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lee Kee Holdings Ltd (HKSE:00637) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Dai Fat Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.leekeegroup.com

Lee Kee Holdings Ltd is involved in the production and distribution of metals, along with quality assurance and testing, technical consultancy, and futures brokerage services. The company is engaged in the trading of zinc, zinc alloy, nickel, nickel-related products, aluminum, aluminum alloy, stainless steel, and other electroplating chemical products. Geographically, it derives a majority of its revenue from Mainland China and also has a presence in Hong Kong.

Executives

Chan Ka Chun Patrick	2501 Other
Okusako Chan Pui Shan Lillian	2501 Other

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