Silver Tide Holdings (HKSE:01943) Long-Term Capital Lease Obligation : HK$0.5 Mil (As of Sep. 2023)

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What is Silver Tide Holdings Long-Term Capital Lease Obligation?

Silver Tide Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.5 Mil.

Silver Tide Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$0.5 Mil) to Mar. 2023 (HK$0.3 Mil) but then increased from Mar. 2023 (HK$0.3 Mil) to Sep. 2023 (HK$0.5 Mil).

Silver Tide Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$2.3 Mil) to Mar. 2022 (HK$3.2 Mil) but then declined from Mar. 2022 (HK$3.2 Mil) to Mar. 2023 (HK$0.3 Mil).

Silver Tide Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Silver Tide 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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Silver Tide Holdings Long-Term Capital Lease Obligation Chart

Silver Tide Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.27

3.17

0.33

Silver Tide Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									4.41	3.17	0.53	0.33	0.49

Silver Tide Holdings (HKSE:01943) 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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Silver Tide Holdings (HKSE:01943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Silver Tide Holdings Ltd (HKSE:01943) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

152 Queen’s Road Central, Office floor 29, Queen’s Road Centre, Hong Kong, HKG

Website

http://www.silvertide.hk

Silver Tide Holdings Ltd is an investment holding company. The company is principally engaged in providing construction services including traditional formwork using timber and plywood, system formwork using aluminum and steel, and ancillary works such as concrete works and reinforcement works for the public and private sectors and securities dealing and broking. The company earns maximum revenue from the Construction service segment. Geographically, the company derives revenue from Hong Kong.

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