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CTR Holdings (HKSE:01416) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Aug. 2023)


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What is CTR Holdings Long-Term Capital Lease Obligation?

CTR Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$0.4 Mil.

CTR Holdings's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (HK$0.6 Mil) to Feb. 2023 (HK$0.5 Mil) and declined from Feb. 2023 (HK$0.5 Mil) to Aug. 2023 (HK$0.4 Mil).

CTR Holdings's annual Long-Term Capital Lease Obligation increased from Feb. 2021 (HK$0.0 Mil) to Feb. 2022 (HK$0.8 Mil) but then declined from Feb. 2022 (HK$0.8 Mil) to Feb. 2023 (HK$0.5 Mil).


CTR Holdings Long-Term Capital Lease Obligation Historical Data

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

CTR Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - - 0.79 0.51

CTR Holdings Semi-Annual Data
Feb17 Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.79 0.59 0.51 0.40

CTR Holdings  (HKSE:01416) 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.

CTR Holdings Long-Term Capital Lease Obligation Related Terms

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CTR Holdings (HKSE:01416) Business Description

Industry
Traded in Other Exchanges
N/A
Address
21 Woodlands Close No. 08-11/12, Primz Bizhub, Singapore, SGP, 737854
CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.
Executives
Brave Ocean Limited 2101 Beneficial owner
Gou Shuzhen 2103 Interests held jointly with another person
Le Thi Minh Tam 2202 Interest of your spouse
Lin Qingling 2202 Interest of your spouse
Xu Junjie 2202 Interest of your spouse
Xu Tiancheng 2201 Interest of corporation controlled by you
Xu Xuping 2201 Interest of corporation controlled by you

CTR Holdings (HKSE:01416) Headlines

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