MOG Digitech Holdings (HKSE:01942) Long-Term Capital Lease Obligation : HK$13.2 Mil (As of Sep. 2022)

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What is MOG Digitech Holdings Long-Term Capital Lease Obligation?

MOG Digitech Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was HK$13.2 Mil.

MOG Digitech Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (HK$10.9 Mil) to Mar. 2022 (HK$14.4 Mil) but then declined from Mar. 2022 (HK$14.4 Mil) to Sep. 2022 (HK$13.2 Mil).

MOG Digitech Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2019 (HK$13.5 Mil) to Mar. 2020 (HK$12.3 Mil) but then increased from Mar. 2020 (HK$12.3 Mil) to Mar. 2021 (HK$12.4 Mil).

MOG Digitech Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for MOG Digitech 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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MOG Digitech Holdings Long-Term Capital Lease Obligation Chart

MOG Digitech Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Long-Term Capital Lease Obligation

13.83

13.31

13.53

12.30

12.43

MOG Digitech Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						13.72	12.43	10.93	14.35	13.16

MOG Digitech Holdings (HKSE:01942) 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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MOG Digitech Holdings (HKSE:01942) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MOG Digitech Holdings Ltd (HKSE:01942) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8655, 9 Shihua East Road, 84 Western Style Villa, Guangdong, Zhuhai, CHN, 519015

Website

https://www.mogglobal.com

MOG Digitech Holdings Ltd is an investment holding company. It offers a wide range of optical products including lenses, frames, contact lenses, and sunglasses from international brands. Its operating segment includes Digital retail payment solutions hardware trading business, Sales of optical products, Franchise and license management, E-commerce, and Financing services. The company generates the majority of its revenue from the Digital retail payment solutions hardware trading business.

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