Kelfred Holdings (HKSE:01134) Long-Term Capital Lease Obligation : HK$12.5 Mil (As of Dec. 2023)

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What is Kelfred Holdings Long-Term Capital Lease Obligation?

Kelfred Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12.5 Mil.

Kelfred Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.8 Mil) to Jun. 2023 (HK$13.7 Mil) but then declined from Jun. 2023 (HK$13.7 Mil) to Dec. 2023 (HK$12.5 Mil).

Kelfred Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.5 Mil) to Dec. 2022 (HK$0.8 Mil) but then increased from Dec. 2022 (HK$0.8 Mil) to Dec. 2023 (HK$12.5 Mil).

Kelfred Holdings Long-Term Capital Lease Obligation Historical Data

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

Kelfred Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.71

2.56

1.45

0.79

12.47

Kelfred Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									1.45	1.25	0.79	13.66	12.47

Kelfred Holdings (HKSE:01134) 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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Kelfred Holdings (HKSE:01134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kelfred Holdings Ltd (HKSE:01134) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

6 On Ping Street, Workshops 1605-1606, 16th Floor, Block B, New Trade Plaza, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.kelfred.com.hk

Kelfred Holdings Ltd is an eyewear manufacturer in the PRC and Hong Kong. It manufactures and sells a wide range of spectacle frames and sunglasses mainly through original design manufacturing and original equipment manufacturing business models. It offers integrated and customized services which include product design and development, raw materials procurement, production, quality control, packaging, and delivery. In addition to the traditional OEM and ODM business models, the group also offers its original brand manufacturing (OBM) products under the brand Miga. The group operates in Italy, United Kingdom, Netherlands, Hong Kong, France, Spain, Japan, Hungary, the United States, and others.

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