Lion Rock Group (HKSE:01127) Long-Term Capital Lease Obligation : HK$120 Mil (As of Dec. 2023)

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What is Lion Rock Group Long-Term Capital Lease Obligation?

Lion Rock Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$120 Mil.

Lion Rock Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$77 Mil) to Jun. 2023 (HK$66 Mil) but then increased from Jun. 2023 (HK$66 Mil) to Dec. 2023 (HK$120 Mil).

Lion Rock Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$44 Mil) to Dec. 2022 (HK$77 Mil) and increased from Dec. 2022 (HK$77 Mil) to Dec. 2023 (HK$120 Mil).

Lion Rock Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lion Rock Group'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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Lion Rock Group Long-Term Capital Lease Obligation Chart

Lion Rock Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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68.19

67.44

43.82

77.09

119.53

Lion Rock Group 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															43.82	56.79	77.09	65.65	119.53

Lion Rock Group (HKSE:01127) 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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Lion Rock Group (HKSE:01127) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lion Rock Group Ltd (HKSE:01127) » Definitions » Long-Term Capital Lease Obligation

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Address

123 Hoi Bun Road, Level 11 East Wing, NEO, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.lionrockgrouphk.com

Lion Rock Group Ltd is engaged in providing quality printing services to international book publishers, trade, professional and educational conglomerates, print media companies, and government departments. Geographically business presence of the firm can be seen across the countries of Australia, the USA, Spain, Mexico, Germany, Canada, and other regions. The company mainly offers services concerning hardback books, paperback books, wire-o binding, saddle stitching, children's book, board books, and book plus. It generates a majority of its revenue from printing services.

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