Yuk Wing Group Holdings (HKSE:01536) Long-Term Capital Lease Obligation : HK$7.9 Mil (As of Sep. 2023)

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What is Yuk Wing Group Holdings Long-Term Capital Lease Obligation?

Yuk Wing Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.9 Mil.

Yuk Wing Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$9.9 Mil) to Mar. 2023 (HK$9.2 Mil) and declined from Mar. 2023 (HK$9.2 Mil) to Sep. 2023 (HK$7.9 Mil).

Yuk Wing Group Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$12.9 Mil) to Mar. 2022 (HK$10.9 Mil) and declined from Mar. 2022 (HK$10.9 Mil) to Mar. 2023 (HK$9.2 Mil).

Yuk Wing Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yuk Wing Group 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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Yuk Wing Group Holdings Long-Term Capital Lease Obligation Chart

Yuk Wing Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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14.72

12.92

10.92

9.19

Yuk Wing Group Holdings Semi-Annual Data
	Mar14	Mar15	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													11.93	10.92	9.88	9.19	7.90

Yuk Wing Group Holdings (HKSE:01536) 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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Yuk Wing Group Holdings (HKSE:01536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuk Wing Group Holdings Ltd (HKSE:01536) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Des Voeux Road Central, Unit B, 13th Floor, Eton Building, Hong Kong, HKG

Website

http://www.yukwing.com

Yuk Wing Group Holdings Ltd is an investment holding company engaged in the manufacturing and trading of down-the-hole (DTH) rockdrilling tools. The company's operating segments include Manufacturing and trading of DTH rockdrilling tools, Trading of piling and drilling machineries and Trading of rockdrilling equipment. It generates maximum revenue from the Manufacturing and trading of DTH rockdrilling tools segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau, PRC, and other Countries.

Executives

Huang Shixin	2101 Beneficial owner
Chan Leung Choi	2101 Beneficial owner
Colour Shine Investments Limited	2101 Beneficial owner
He Xiaoming	2201 Interest of corporation controlled by you

Yuk Wing Group Holdings (HKSE:01536) Headlines

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