Morris Home Holdings (HKSE:01575) Long-Term Capital Lease Obligation : HK$19.0 Mil (As of Dec. 2023)

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What is Morris Home Holdings Long-Term Capital Lease Obligation?

Morris Home Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19.0 Mil.

Morris Home Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$24.9 Mil) to Jun. 2023 (HK$13.2 Mil) but then increased from Jun. 2023 (HK$13.2 Mil) to Dec. 2023 (HK$19.0 Mil).

Morris Home Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$14.7 Mil) to Dec. 2022 (HK$24.9 Mil) but then declined from Dec. 2022 (HK$24.9 Mil) to Dec. 2023 (HK$19.0 Mil).

Morris Home Holdings Long-Term Capital Lease Obligation Historical Data

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

Morris Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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196.63

25.65

14.66

24.92

18.99

Morris Home Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														14.66	7.89	24.92	13.20	18.99

Morris Home Holdings (HKSE:01575) 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.

Morris Home Holdings Long-Term Capital Lease Obligation Related Terms

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Morris Home Holdings (HKSE:01575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Morris Home Holdings Ltd (HKSE:01575) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Shengli Road, Maqiao Street, Haining City, Zhejiang Province, Jiaxing City, CHN

Website

http://www.morrishome.com.hk

Morris Home Holdings Ltd is an investment holding company engaged in the manufacturing and marketing of sofas, sofa covers, and other furniture products. The company's operating segment includes Retail and Manufacturing. It generates maximum revenue from the Retail segment. Geographically, it derives revenue from the Peoples Republic of China.

Executives

Morris Capital Limited	2101 Beneficial owner
Wu Xiangfei	2202 Interest of your spouse
Zou Gebing	2201 Interest of corporation controlled by you
Chen Jie	2106 Person having a security interest in shares
Century Icon Holdings Limited	2101 Beneficial owner
Tse Kam Pang	2201 Interest of corporation controlled by you
Morris Esop Development Limited	2306 Nominee for another person
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Morris Capital Ltd.	2101 Beneficial owner

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