Edvance International Holdings (HKSE:01410) Long-Term Capital Lease Obligation : HK$27.8 Mil (As of Sep. 2023)

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What is Edvance International Holdings Long-Term Capital Lease Obligation?

Edvance International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$27.8 Mil.

Edvance International Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$5.8 Mil) to Mar. 2023 (HK$33.6 Mil) but then declined from Mar. 2023 (HK$33.6 Mil) to Sep. 2023 (HK$27.8 Mil).

Edvance International Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$10.2 Mil) to Mar. 2022 (HK$33.6 Mil) but then stayed the same from Mar. 2022 (HK$33.6 Mil) to Mar. 2023 (HK$33.6 Mil).

Edvance International Holdings Long-Term Capital Lease Obligation Historical Data

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

Edvance International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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6.76

10.24

33.57

Edvance International Holdings Semi-Annual Data
	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													10.71	33.57	5.84	33.57	27.76

Edvance International Holdings (HKSE:01410) 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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Edvance International Holdings (HKSE:01410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edvance International Holdings Ltd (HKSE:01410) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 How Ming Street, 25th Floor, Tower 1, The Millennity, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.edvanceintl.com

Edvance International Holdings Ltd is an investment holding company. The company is engaged in the provision of information technology security products and services. Its Cybersecurity products segment includes network security products, system security products and application and data security products. The cybersecurity services segment is engaged in the provision of technical implementation, maintenance, and support services. Digital assets Financial services and investment business refers to the provision of financial services to customers, venture investment and securities trading by the Group. It generates maximum revenue from the Cybersecurity security products segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Liu Yui Ting Raymond	2101 Beneficial owner
Success Vision International Group Limited	2101 Beneficial owner
Earning Gear Inc.	2101 Beneficial owner
Mind Bright Limited	2101 Beneficial owner
Cheng Chui Ying	2202 Interest of your spouse
Lin Fai	2202 Interest of your spouse
Lo Wai Ho Ashley	2201 Interest of corporation controlled by you
Tang Sing Hing Kenny	2201 Interest of corporation controlled by you
Yip Lai Ching	2202 Interest of your spouse
Cheung Mo Chi	2202 Interest of your spouse
Von John	2201 Interest of corporation controlled by you

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