MBV International (HKSE:01957) Long-Term Capital Lease Obligation : HK$1.1 Mil (As of Dec. 2024)

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What is MBV International Long-Term Capital Lease Obligation?

MBV International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$1.1 Mil.

MBV International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$0.3 Mil) to Jun. 2024 (HK$0.8 Mil) and increased from Jun. 2024 (HK$0.8 Mil) to Dec. 2024 (HK$1.1 Mil).

MBV International's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.7 Mil) to Dec. 2023 (HK$0.3 Mil) but then increased from Dec. 2023 (HK$0.3 Mil) to Dec. 2024 (HK$1.1 Mil).

MBV International Long-Term Capital Lease Obligation Historical Data

The historical data trend for MBV International'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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MBV International Long-Term Capital Lease Obligation Chart

MBV International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.69

1.28

0.66

0.29

1.05

MBV International Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.66	0.25	0.29	0.76	1.05

MBV International (HKSE:01957) 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.

MBV International Long-Term Capital Lease Obligation Related Terms

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MBV International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » MBV International Ltd (HKSE:01957) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 58-66, Jalan Seroja 39, Taman Johor Jaya, Johor Bahru, JHR, MYS, 81100

Website

https://www.orensport.com

MBV International Ltd is an investment holding company. The operating segments are Wholesaling of imprintable apparel and gift products and Manufacturing of imprintable apparel. The Wholesaling segment generates the majority of its revenue. Its product portfolio includes imprintable apparel ranging from T-shirts, uniforms, jackets, and others including other casual wear and accessories in a variety of sizes, colors, and styles in blank or undecorated form, without imprints or embellishment to its customers who may decorate its products with designs and logos for sale to a diversified range of consumers. The geographical segments of the company are Malaysia and Singapore, of which Malaysia accounts for the majority of revenue.

Executives

Foo Kim Foong	2202 Interest of your spouse
Kong Siew Peng	2202 Interest of your spouse
Loi Siew Yoke	2202 Interest of your spouse
Mbv Capital Limited	2101 Beneficial owner
Tan Meng Seng	2201 Interest of corporation controlled by you
Tan Beng Sen	2201 Interest of corporation controlled by you
Tan Mein Kwang	2201 Interest of corporation controlled by you

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