Frontage Holdings (HKSE:01521) Long-Term Capital Lease Obligation : HK$406 Mil (As of Dec. 2023)

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What is Frontage Holdings Long-Term Capital Lease Obligation?

Frontage Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$406 Mil.

Frontage Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$458 Mil) to Jun. 2023 (HK$419 Mil) and declined from Jun. 2023 (HK$419 Mil) to Dec. 2023 (HK$406 Mil).

Frontage Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$394 Mil) to Dec. 2022 (HK$458 Mil) but then declined from Dec. 2022 (HK$458 Mil) to Dec. 2023 (HK$406 Mil).

Frontage Holdings Long-Term Capital Lease Obligation Historical Data

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

Frontage Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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129.78

274.66

394.24

457.91

405.96

Frontage Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									394.24	377.18	457.91	418.75	405.96

Frontage Holdings (HKSE:01521) 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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Frontage Holdings (HKSE:01521) Business Description

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FGHQF:USA

Address

700 Pennsylvania Drive, Exton, PA, USA, 19341

Website

https://www.frontagelab.com

Frontage Holdings Corp is a contract research organization providing integrated, scientifically driven research, analytical and development services. Geographically the group operates in both PRC and North America. The services provided in the North American segment, include Bioanalytical, CMC, DMPK and Safety and Toxicology services in the USA and Canada. The service offered in PRC includes Bioanalytical, Bioequivalence and CMC services in the PRC. Further, it also provides bioanalytical services, which are offered throughout the drug discovery and development process both in the United States and China.

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