Ulferts International (HKSE:01711) Long-Term Capital Lease Obligation : HK$6.9 Mil (As of Sep. 2024)

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What is Ulferts International Long-Term Capital Lease Obligation?

Ulferts International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$6.9 Mil.

Ulferts International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$20.4 Mil) to Mar. 2024 (HK$10.9 Mil) and declined from Mar. 2024 (HK$10.9 Mil) to Sep. 2024 (HK$6.9 Mil).

Ulferts International's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$36.1 Mil) to Mar. 2023 (HK$30.1 Mil) and declined from Mar. 2023 (HK$30.1 Mil) to Mar. 2024 (HK$10.9 Mil).

Ulferts International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ulferts International'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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Ulferts International Long-Term Capital Lease Obligation Chart

Ulferts International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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12.44

11.68

36.07

30.12

10.89

Ulferts International Semi-Annual Data
	Mar15	Mar16	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													28.09	30.12	20.36	10.89	6.92

Ulferts International (HKSE:01711) 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.

Ulferts International Long-Term Capital Lease Obligation Related Terms

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Ulferts International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ulferts International Ltd (HKSE:01711) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Hennessy Road, Units 1905-07, 19th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.ulferts.com.hk

Ulferts International Ltd is an investment holding company. Through its subsidiaries, the company is engaged in the retail of imported furniture; wholesale of imported furniture, and project sales. Its product offerings include sofabeds, adjustable beds, and other ancillary items such as pillows, mattress toppers, and mattress protectors. Geographically, it derives revenue from Hong Kong.

Executives

Yeung Ching Loong Alexander	2501 Other
First Trust Management Ag	2301 Trustee
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Albert Yeung Investments Holdings Limited	2201 Interest of corporation controlled by you

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