Million Hope Industries Holdings (HKSE:01897) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Sep. 2024)

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What is Million Hope Industries Holdings Long-Term Capital Lease Obligation?

Million Hope Industries Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.4 Mil.

Million Hope Industries Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.1 Mil) to Mar. 2024 (HK$0.0 Mil) but then increased from Mar. 2024 (HK$0.0 Mil) to Sep. 2024 (HK$0.4 Mil).

Million Hope Industries Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.2 Mil) but then declined from Mar. 2023 (HK$0.2 Mil) to Mar. 2024 (HK$0.0 Mil).

Million Hope Industries Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Million Hope Industries 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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Million Hope Industries Holdings Long-Term Capital Lease Obligation Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.07

0.10

0.17

0.02

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	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											-	0.17	0.10	0.02	0.37

Million Hope Industries Holdings (HKSE:01897) 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.

Million Hope Industries Holdings Long-Term Capital Lease Obligation Related Terms

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Million Hope Industries Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MHIHF:USA

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Ccm Trust (cayman) Limited
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

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