Ernest Borel Holdings (HKSE:01856) Long-Term Capital Lease Obligation : HK$11.84 Mil (As of Dec. 2024)

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What is Ernest Borel Holdings Long-Term Capital Lease Obligation?

Ernest Borel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$11.84 Mil.

Ernest Borel Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$15.44 Mil) to Jun. 2024 (HK$13.58 Mil) and declined from Jun. 2024 (HK$13.58 Mil) to Dec. 2024 (HK$11.84 Mil).

Ernest Borel Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$2.88 Mil) to Dec. 2023 (HK$15.44 Mil) but then declined from Dec. 2023 (HK$15.44 Mil) to Dec. 2024 (HK$11.84 Mil).

Ernest Borel Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ernest Borel 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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Ernest Borel Holdings Long-Term Capital Lease Obligation Chart

Ernest Borel Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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8.33

8.44

2.88

15.44

11.84

Ernest Borel Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	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															2.88	12.84	15.44	13.58	11.84

Ernest Borel Holdings (HKSE:01856) 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.

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Ernest Borel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ernest Borel Holdings Ltd (HKSE:01856) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Nos. 5-7 Wong Chuk Yeung Street, Unit J, 12th Floor, Fu Cheung Centre, Fotan, Shatin, New Territories, Hong Kong, HKG

Website

https://www.ernestborel.ch

Ernest Borel Holdings Ltd is engaged in the design, production, marketing and sale of mechanical and quartz premium watches. Its operating segments are Watches business segment engaged in manufacturing and sales of watches; and Smart watch manufacturing business segment engaged in design, development and manufacturing of stainless-steel alloy watches cases, smartwatches cases on ODM and OEM basis. It derives majority of the revenue from Smart watch manufacturing business. Geographically it has presence in The PRC, Vietnam, Hong Kong and Macau, Korea, South East Asia, and Others.

Executives

Citychamp Watch & Jewellery Group Limited	2201 Interest of corporation controlled by you
Full Day Limited	2201 Interest of corporation controlled by you
Sincere View International Limited	2501 Other
Vgb Limited	2101 Beneficial owner
Hon Kwok Lung	2201 Interest of corporation controlled by you
Lam Suk Ying	2201 Interest of corporation controlled by you
Xiong Wei	2202 Interest of your spouse
Xu Hong	2201 Interest of corporation controlled by you

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