Automated Systems Holdings (HKSE:00771) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2024)

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What is Automated Systems Holdings Long-Term Capital Lease Obligation?

Automated Systems Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$2 Mil.

Automated Systems Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$6 Mil) to Jun. 2024 (HK$5 Mil) and declined from Jun. 2024 (HK$5 Mil) to Dec. 2024 (HK$2 Mil).

Automated Systems Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$2 Mil) to Dec. 2023 (HK$6 Mil) but then declined from Dec. 2023 (HK$6 Mil) to Dec. 2024 (HK$2 Mil).

Automated Systems Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Automated Systems 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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Automated Systems Holdings Long-Term Capital Lease Obligation Chart

Automated Systems Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.18

6.18

2.17

5.97

2.35

Automated Systems 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															2.17	1.17	5.97	4.97	2.35

Automated Systems Holdings (HKSE:00771) 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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Automated Systems Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Automated Systems Holdings Ltd (HKSE:00771) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

11 On Sum Street, 15th Floor, Topsail Plaza, Shatin, New Territories, Hong Kong, HKG

Website

https://www1.asl.com.hk

Automated Systems Holdings Ltd operates as an investment holding company that provides corporate management services. It operates through the following segments: Information Technology Products and Information Technology Services. The IT Products segment engages in the business of information technology in supplying information technology and associated products. The IT Services segment engages in the business of information technology in providing systems integration, software and consulting services, engineering support for products and solutions, and managed services. Its geographical presence is in Hong Kong, Mainland China, the United States, Europe, Taiwan, Macau, Thailand, Singapore, and Malaysia.

Executives

Beijing Teamsun Technology Co., Ltd.	2201 Interest of corporation controlled by you
Hua Sheng Tian Cheng Ke Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
Dehong(hangzhou) Investment Partnership Limited	2101 Beneficial owner

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