Leader Education (HKSE:01449) Long-Term Capital Lease Obligation : HK$360.3 Mil (As of Feb. 2024)

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What is Leader Education Long-Term Capital Lease Obligation?

Leader Education's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was HK$360.3 Mil.

Leader Education's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 (HK$159.1 Mil) to Aug. 2023 (HK$174.3 Mil) and increased from Aug. 2023 (HK$174.3 Mil) to Feb. 2024 (HK$360.3 Mil).

Leader Education's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (HK$223.7 Mil) to Aug. 2022 (HK$150.5 Mil) but then increased from Aug. 2022 (HK$150.5 Mil) to Aug. 2023 (HK$174.3 Mil).

Leader Education Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leader Education'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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Leader Education Long-Term Capital Lease Obligation Chart

Leader Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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60.56

215.39

223.69

150.50

174.34

Leader Education Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								192.61	150.50	159.14	174.34	360.32

Leader Education (HKSE:01449) 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.

Leader Education Long-Term Capital Lease Obligation Related Terms

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Leader Education (HKSE:01449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Leader Education Ltd (HKSE:01449) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qunying Jie No. 33, Xueyuan Road, Limin Development Zone, Heilongjiang Province, Harbin, CHN, 150025

Website

https://www.hibu.edu.cn

Leader Education Ltd is engaged in providing private higher education services in the People's Republic of China. The school is a degree-granting private formal university-level education institution that offers around 26 undergraduate majors in a wide range of subject areas, including engineering, management, economics, literature, and arts.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shuren Education Limited	2101 Beneficial owner
Dong Ling	2201 Interest of corporation controlled by you
Liu Laixiang	2202 Interest of your spouse
Junhua Education Limited	2101 Beneficial owner

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