Contel Technology Co (HKSE:01912) Long-Term Capital Lease Obligation : HK$0.8 Mil (As of Dec. 2024)

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What is Contel Technology Co Long-Term Capital Lease Obligation?

Contel Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.8 Mil.

Contel Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$0.0 Mil) to Jun. 2024 (HK$0.7 Mil) and increased from Jun. 2024 (HK$0.7 Mil) to Dec. 2024 (HK$0.8 Mil).

Contel Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.8 Mil) to Dec. 2023 (HK$0.0 Mil) but then increased from Dec. 2023 (HK$0.0 Mil) to Dec. 2024 (HK$0.8 Mil).

Contel Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Contel Technology Co'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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Contel Technology Co Long-Term Capital Lease Obligation Chart

Contel Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.52

1.25

0.84

0.79

Contel Technology Co Semi-Annual Data
	Dec15	Dec16	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												0.84	-	-	0.66	0.79

Contel Technology Co (HKSE:01912) 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.

Contel Technology Co Long-Term Capital Lease Obligation Related Terms

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Contel Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Contel Technology Co Ltd (HKSE:01912) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188-202 Texaco Road, Unit No. A, 13th Floor, Block 1, Leader Industrial Centre, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.conteltechnology.com

Contel Technology Co Ltd is mainly engaged in sourcing and sale of integrated circuit (IC) products. It specializes in providing IC application solutions and IC-related services in five main categories: mobile devices and smart charging products; motor control; sensors and automation; light-emitting diode; radio frequency (RF) power.

Executives

Feng Tao	2201 Interest of corporation controlled by you
Qing Haodong	2202 Interest of your spouse
P.grand (bvi) Ltd.	2101 Beneficial owner
Kingtech (bvi) Ltd.	2101 Beneficial owner
Lam Keung	2201 Interest of corporation controlled by you

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