Shing Chi Holdings (HKSE:01741) Long-Term Capital Lease Obligation : HK$1.0 Mil (As of Sep. 2024)

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What is Shing Chi Holdings Long-Term Capital Lease Obligation?

Shing Chi Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$1.0 Mil.

Shing Chi Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$6.4 Mil) to Mar. 2024 (HK$5.3 Mil) and declined from Mar. 2024 (HK$5.3 Mil) to Sep. 2024 (HK$1.0 Mil).

Shing Chi Holdings's annual Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$3.7 Mil) to Sep. 2023 (HK$6.4 Mil) but then declined from Sep. 2023 (HK$6.4 Mil) to Sep. 2024 (HK$1.0 Mil).

Shing Chi Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shing Chi 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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Shing Chi Holdings Long-Term Capital Lease Obligation Chart

Shing Chi Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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3.28

0.19

3.69

6.44

1.03

Shing Chi Holdings Semi-Annual Data
	Sep15	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													3.69	6.03	6.44	5.31	1.03

Shing Chi Holdings (HKSE:01741) 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.

Shing Chi Holdings Long-Term Capital Lease Obligation Related Terms

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Shing Chi Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shing Chi Holdings Ltd (HKSE:01741) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 317-319 Des Voeux Road Central, 6th Floor, Kai Tak Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.shing-chi-holdings.com

Shing Chi Holdings Ltd is an investment holding company. The company's operating segments include foundation and site formation works; general building works and associated services; other construction works; and construction-related consultancy services. It generates maximum revenue from the Foundation and site formation work segment which includes piling works, excavation and lateral support works (ELS), pile cap construction, and ground investigation works. Geographically it derives the majority of its revenue from Hong Kong.

Executives

Sun Wei	2201 Interest of corporation controlled by you
Leaf Cove Limited	2101 Beneficial owner
Sun Yaru	2101 Beneficial owner
Elite Bright Developments Limited	2101 Beneficial owner
Kwong Shun Man Jessie	2202 Interest of your spouse
Lau Chi Keung	2201 Interest of corporation controlled by you
Lau Chi Wang	2201 Interest of corporation controlled by you
Ng Kooi Har	2202 Interest of your spouse
Ng Lai Mui Theresa	2202 Interest of your spouse
Liu Zhiming	2201 Interest of corporation controlled by you

Shing Chi Holdings Headlines

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