Kingkey Financial International (Holdings) (HKSE:01468) Long-Term Capital Lease Obligation : HK$2.0 Mil (As of Sep. 2023)

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What is Kingkey Financial International (Holdings) Long-Term Capital Lease Obligation?

Kingkey Financial International (Holdings)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.0 Mil.

Kingkey Financial International (Holdings)'s quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$4.7 Mil) to Mar. 2023 (HK$5.4 Mil) but then declined from Mar. 2023 (HK$5.4 Mil) to Sep. 2023 (HK$2.0 Mil).

Kingkey Financial International (Holdings)'s annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$4.4 Mil) to Mar. 2022 (HK$0.0 Mil) but then increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$5.4 Mil).

Kingkey Financial International (Holdings) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingkey Financial 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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Kingkey Financial International (Holdings) Long-Term Capital Lease Obligation Chart

Kingkey Financial International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.08

4.40

5.44

Kingkey Financial International (Holdings) Semi-Annual Data
	Mar14	Sep14	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															3.02	-	4.66	5.44	1.97

Kingkey Financial International (Holdings) (HKSE:01468) 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.

Kingkey Financial International (Holdings) Long-Term Capital Lease Obligation Related Terms

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Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingkey Financial International (Holdings) Ltd (HKSE:01468) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG

Website

https://www.kkgroup.com.hk

Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.

Executives

Kingkey Holdings (international) Limited	2101 Beneficial owner
Chen Jiajun	2201 Interest of corporation controlled by you
Great Return Group Limited	2101 Beneficial owner
East Treasure Enterprises Corporation	2201 Interest of corporation controlled by you
Fong Chu Pong	2201 Interest of corporation controlled by you
Eternity Star Development Limited	2201 Interest of corporation controlled by you
Renhe Holdings Limited	2201 Interest of corporation controlled by you
Chen Jiajun	2201 Interest of corporation controlled by you
Chang Tat Joel	2201 Interest of corporation controlled by you
Lee Cho Man Joe	2201 Interest of corporation controlled by you

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