Quali-Smart Holdings (HKSE:01348) Long-Term Capital Lease Obligation : HK$1.7 Mil (As of Sep. 2023)

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What is Quali-Smart Holdings Long-Term Capital Lease Obligation?

Quali-Smart Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.7 Mil.

Quali-Smart Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$6.2 Mil) to Mar. 2023 (HK$1.7 Mil) but then stayed the same from Mar. 2023 (HK$1.7 Mil) to Sep. 2023 (HK$1.7 Mil).

Quali-Smart Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$2.1 Mil) to Mar. 2022 (HK$0.0 Mil) but then increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$1.7 Mil).

Quali-Smart Holdings Long-Term Capital Lease Obligation Historical Data

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

Quali-Smart Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.04

2.08

1.72

Quali-Smart Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	6.22	1.72	1.72

Quali-Smart Holdings (HKSE:01348) 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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Quali-Smart Holdings (HKSE:01348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Quali-Smart Holdings Ltd (HKSE:01348) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG

Website

http://www.quali-smart.com.hk

Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.

Executives

Benefit Global Limited	2101 Beneficial owner
Blackpine Private Equity Partners G.p. Limited	2201 Interest of corporation controlled by you
Clearfield Global Limited	2201 Interest of corporation controlled by you
Chu Lawrence Sheng Yu	2201 Interest of corporation controlled by you
Li Man Yee Stella	2101 Beneficial owner
Lau Ho Ming Peter	2101 Beneficial owner
Smart Investor Holdings Limited	2101 Beneficial owner
Zhongtai Securities Company Limited
Zhong Tai Jin Rong Guo Ji You Xian Gong Si	2101 Beneficial owner
Shan Dong Gang Tie Ji Tuan You Xian Gong Si
Lai Wu Gang Tie Ji Tuan You Xian Gong Si

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