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East Buy Holding (HKSE:01797) Long-Term Capital Lease Obligation : HK$36 Mil (As of Nov. 2024)


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What is East Buy Holding Long-Term Capital Lease Obligation?

East Buy Holding's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2024 was HK$36 Mil.

East Buy Holding's quarterly Long-Term Capital Lease Obligation increased from Nov. 2023 (HK$22 Mil) to May. 2024 (HK$63 Mil) but then declined from May. 2024 (HK$63 Mil) to Nov. 2024 (HK$36 Mil).

East Buy Holding's annual Long-Term Capital Lease Obligation declined from May. 2022 (HK$25 Mil) to May. 2023 (HK$20 Mil) but then increased from May. 2023 (HK$20 Mil) to May. 2024 (HK$63 Mil).


East Buy Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for East Buy Holding'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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East Buy Holding Long-Term Capital Lease Obligation Chart

East Buy Holding Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only 270.95 252.94 24.89 20.11 62.75

East Buy Holding Semi-Annual Data
May16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 13.91 20.11 22.48 62.75 36.11

East Buy Holding  (HKSE:01797) 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.

East Buy Holding Long-Term Capital Lease Obligation Related Terms

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East Buy Holding Business Description

Traded in Other Exchanges
Address
2 Haidian East Third Road, Level 18, South Wing, Haidian District, Beijing, CHN, 100080
East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services.
Executives
New Oriental Education & Technology Group Inc. 2101 Beneficial owner
Yu Min Hong 2101 Beneficial owner
Image Frame Investment (hk) Limited
Tencent Holdings Limited

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