Asia Cassava Resources Holdings (HKSE:00841) Long-Term Capital Lease Obligation : HK$0 Mil (As of Mar. 2024)

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What is Asia Cassava Resources Holdings Long-Term Capital Lease Obligation?

Asia Cassava Resources Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0 Mil.

Asia Cassava Resources Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$0 Mil) to Mar. 2023 (HK$0 Mil) but then stayed the same from Mar. 2023 (HK$0 Mil) to Mar. 2024 (HK$0 Mil).

Asia Cassava Resources Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Cassava Resources 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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Asia Cassava Resources Holdings Long-Term Capital Lease Obligation Chart

Asia Cassava Resources Holdings Annual Data

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Long-Term Capital Lease Obligation

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0.05

Asia Cassava Resources 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															0.05	0.03	-	-	-

Asia Cassava Resources Holdings (HKSE:00841) 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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Asia Cassava Resources Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asia Cassava Resources Holdings Ltd (HKSE:00841) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

63 Mody Road, Unit 612-613, 6th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.asiacassava.com

Asia Cassava Resources Holdings Ltd is an investment holding company, which engages in the trade of dried cassava chips. It operates through the following segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel Operations. The Procurement and Sale of Dried Cassava Chips segment which generates majority revenue offer procurement and sale of dried cassava chips. The Property Investment segment invests in office space and industrial properties for its rental income potential. The Hotel Operations segment involves in hotel operations in the People's Republic of China. The company operates in four geographical markets Hong Kong, Mainland China, Laos and Thailand out of which Mainland China acts as a major revenue contributor.

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