Kin Pang Holdings (HKSE:01722) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Dec. 2024)

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What is Kin Pang Holdings Long-Term Capital Lease Obligation?

Kin Pang Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.4 Mil.

Kin Pang Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$2.5 Mil) to Jun. 2024 (HK$1.3 Mil) and declined from Jun. 2024 (HK$1.3 Mil) to Dec. 2024 (HK$0.4 Mil).

Kin Pang Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$3.5 Mil) to Dec. 2023 (HK$2.5 Mil) and declined from Dec. 2023 (HK$2.5 Mil) to Dec. 2024 (HK$0.4 Mil).

Kin Pang Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kin Pang 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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Kin Pang Holdings Long-Term Capital Lease Obligation Chart

Kin Pang Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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3.92

3.11

3.51

2.50

0.44

Kin Pang Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														3.51	3.13	2.50	1.35	0.44

Kin Pang Holdings (HKSE:01722) 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.

Kin Pang Holdings Long-Term Capital Lease Obligation Related Terms

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Kin Pang Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Pang Holdings Ltd (HKSE:01722) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Alameda Doutor Carlos do Assumpcaso, No. 249 - 263, Edif. China Civil Plaza, 17 andar L, Macau, MAC

Website

https://www.kinpang.com.mo

Kin Pang Holdings Ltd is an integrated construction company that provides building and ancillary services to hotel and casino resorts, property developers, infrastructure of electricity and water supply, and public amenities and utilities (such as carriageways, footpaths, drains, and sewers). The company operates in a single business segment, which is the building and ancillary services segment, and represents the firm's revenue generated from foundation-associated works, hard landscaping, alteration, and addition works, road works, water pipe works, electrical and mechanical works, and other ancillary building works. Geographically, the company derives a majority of its revenue from Macau and the rest from Hong Kong.

Executives

Choi Fong Lan	2202 Interest of your spouse
Kong Kin I	2101 Beneficial owner
Fortunate Year Investments Limited

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