Heng Hup Holdings (HKSE:01891) Long-Term Capital Lease Obligation : HK$8 Mil (As of Dec. 2023)

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What is Heng Hup Holdings Long-Term Capital Lease Obligation?

Heng Hup Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8 Mil.

Heng Hup Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$6 Mil) to Jun. 2023 (HK$6 Mil) but then increased from Jun. 2023 (HK$6 Mil) to Dec. 2023 (HK$8 Mil).

Heng Hup Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$6 Mil) and increased from Dec. 2022 (HK$6 Mil) to Dec. 2023 (HK$8 Mil).

Heng Hup Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Heng Hup 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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Heng Hup Holdings Long-Term Capital Lease Obligation Chart

Heng Hup Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.65

5.60

2.57

6.26

7.94

Heng Hup Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.57	7.02	6.26	5.64	7.94

Heng Hup Holdings (HKSE:01891) 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.

Heng Hup Holdings Long-Term Capital Lease Obligation Related Terms

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Heng Hup Holdings (HKSE:01891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heng Hup Holdings Ltd (HKSE:01891) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 264, Jalan Satu A, Kampung Baru Subang, Shah Alam, MYS, 40150

Website

https://www.henghup.com

Heng Hup Holdings Ltd is a scrap ferrous metal trader in Malaysia. The company is mainly engaged in trading of scrap ferrous metals, used batteries, waste paper, and other scraps. Its only operating segment being trading of recycling materials. Geographically, it derives revenue from Malaysia.

Executives

Juan Sook Fong	2202 Interest of your spouse
Koo Lee Ching	2202 Interest of your spouse
Loh Hui Mei	2202 Interest of your spouse
Peong Ai Teen	2202 Interest of your spouse
Sia Keng Leong	2201 Interest of corporation controlled by you
Sia Kok Chin	2201 Interest of corporation controlled by you
Sia Kok Chong	2201 Interest of corporation controlled by you
Sia Kok Heong	2201 Interest of corporation controlled by you
Sia Kok Seng	2201 Interest of corporation controlled by you
Yang Mei Feng	2202 Interest of your spouse
5s Holdings (bvi) Limited	2101 Beneficial owner
Poon Ka Ho Stanley

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