Cirtek Holdings (HKSE:01433) Long-Term Capital Lease Obligation : HK$14.7 Mil (As of Dec. 2023)

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What is Cirtek Holdings Long-Term Capital Lease Obligation?

Cirtek Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$14.7 Mil.

Cirtek Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$15.2 Mil) to Jun. 2023 (HK$9.6 Mil) but then increased from Jun. 2023 (HK$9.6 Mil) to Dec. 2023 (HK$14.7 Mil).

Cirtek Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$21.1 Mil) to Dec. 2022 (HK$15.2 Mil) and declined from Dec. 2022 (HK$15.2 Mil) to Dec. 2023 (HK$14.7 Mil).

Cirtek Holdings Long-Term Capital Lease Obligation Historical Data

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

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.21

21.34

21.11

15.21

14.66

Cirtek 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								21.11	20.72	15.21	9.58	14.66

Cirtek Holdings (HKSE:01433) 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.

Cirtek Holdings Long-Term Capital Lease Obligation Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

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