Town Ray Holdings (HKSE:01692) Long-Term Capital Lease Obligation : HK$31.9 Mil (As of Jun. 2024)

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What is Town Ray Holdings Long-Term Capital Lease Obligation?

Town Ray Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$31.9 Mil.

Town Ray Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$5.9 Mil) to Dec. 2023 (HK$0.0 Mil) but then increased from Dec. 2023 (HK$0.0 Mil) to Jun. 2024 (HK$31.9 Mil).

Town Ray Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$22.1 Mil) to Dec. 2022 (HK$12.0 Mil) and declined from Dec. 2022 (HK$12.0 Mil) to Dec. 2023 (HK$0.0 Mil).

Town Ray Holdings Long-Term Capital Lease Obligation Historical Data

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

Town Ray Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.95

0.01

22.10

12.01

Town Ray Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									18.56	12.01	5.90	-	31.91

Town Ray Holdings (HKSE:01692) 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.

Town Ray Holdings Long-Term Capital Lease Obligation Related Terms

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Town Ray Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Town Ray Holdings Ltd (HKSE:01692) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 403 Castle Peak Road-Kwai Chung, Workshop A, 25th Floor, Reason Group Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.townray.com

Town Ray Holdings Ltd is a developer, designer, manufacturer, and supplier of electrothermic household appliances mainly to overseas markets. The electrothermic household products can be grouped into two categories, namely garment care appliances, including steam generator irons, garment steamers, and steam irons; and cooking appliances, including coffee machines, steam cooking appliances, and other cooking appliances. The company's products are mainly sold to overseas markets, including Germany, France, the United Kingdom, and the Netherlands.

Executives

Modern Expression Limited
Capital Fortress Limited
Bestresult Assets Limited
Chan Kam Kwong Charles
Cheng Yuk Sim Connie
Chan Ying Yuk Purple
Leung Yat Cheong Albert
Li Siu Lan
Lo Kam Wing Raymond

Town Ray Holdings Headlines

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