Justin Allen Holdings (HKSE:01425) Long-Term Capital Lease Obligation : HK$15 Mil (As of Dec. 2023)

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What is Justin Allen Holdings Long-Term Capital Lease Obligation?

Justin Allen Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15 Mil.

Justin Allen Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$5 Mil) to Jun. 2023 (HK$5 Mil) but then increased from Jun. 2023 (HK$5 Mil) to Dec. 2023 (HK$15 Mil).

Justin Allen Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1 Mil) to Dec. 2022 (HK$5 Mil) and increased from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$15 Mil).

Justin Allen Holdings Long-Term Capital Lease Obligation Historical Data

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

Justin Allen Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.34

1.23

0.58

5.42

14.53

Justin Allen Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.58	9.15	5.42	4.61	14.53

Justin Allen Holdings (HKSE:01425) 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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Justin Allen Holdings (HKSE:01425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Justin Allen Holdings Ltd (HKSE:01425) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

483A Castle Peak Road, 31st Floor, Excel Centre, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.justinallengroup.com

Justin Allen Holdings Ltd engages in OEM garment manufacturing specializing in the production of sleepwear and loungewear products. The company offers one-stop apparel solutions comprising raw materials sourcing and greige fabric production, fabric design, and development, as well as fashion design. It derives revenue from manufacturing and sales of sleepwear products, loungewear products, and greige fabric. Its operations are spread across the United States of America, United Kingdom, Ireland, Canada, The PRC, Spain, and Cambodia.

Executives

Strategic King Holdings Limited	2101 Beneficial owner
Tam Kwok Pui	2201 Interest of corporation controlled by you
Yeung Suk Foon Paulina	2202 Interest of your spouse

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