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Synertone Communication (HKSE:01613) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Sep. 2024)


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What is Synertone Communication Long-Term Capital Lease Obligation?

Synertone Communication's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.0 Mil.

Synertone Communication's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.2 Mil) to Mar. 2024 (HK$0.0 Mil) but then stayed the same from Mar. 2024 (HK$0.0 Mil) to Sep. 2024 (HK$0.0 Mil).

Synertone Communication's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$3.0 Mil) to Mar. 2023 (HK$1.6 Mil) and declined from Mar. 2023 (HK$1.6 Mil) to Mar. 2024 (HK$0.0 Mil).


Synertone Communication Long-Term Capital Lease Obligation Historical Data

The historical data trend for Synertone Communication'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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Synertone Communication Long-Term Capital Lease Obligation Chart

Synertone Communication Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 2.97 2.97 1.64 -

Synertone Communication Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 1.64 0.22 - -

Synertone Communication  (HKSE:01613) 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.

Synertone Communication Long-Term Capital Lease Obligation Related Terms

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Synertone Communication Business Description

Industry
Traded in Other Exchanges
N/A
Address
66 Mody Road, Room 1012, 10th Floor, Tsim Sha Tsui Centre, Kowloon, Hong Kong, HKG
Synertone Communication Corp is an investment holding company. The company's operating segments include Building intelligence, Control system, and Data Centre. It generates maximum revenue from the Building intelligence segment which includes the provision of video intercom systems and security alarm solutions for residential complexes; and smart home automation systems for new and existing households. Its Control System segment includes the provision of automation hardware and software products, information systems platforms, as well as the industrial and monitoring and scheduling management system solutions for the municipal utility industry. The Data Centre segment includes rental and maintenance services of computer equipment and machines and other related services.
Executives
Lam Siu Sun 2101 Beneficial owner
Han Weining
Excel Time Investments Limited 2101 Beneficial owner
Infinity Holding Resources Limited 2101 Beneficial owner
Li Gui 2101 Beneficial owner
Nan Yu 2101 Beneficial owner

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