Evergreen Products Group (HKSE:01962) Long-Term Capital Lease Obligation : HK$9.4 Mil (As of Dec. 2023)

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What is Evergreen Products Group Long-Term Capital Lease Obligation?

Evergreen Products Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9.4 Mil.

Evergreen Products Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$8.2 Mil) to Jun. 2023 (HK$8.6 Mil) and increased from Jun. 2023 (HK$8.6 Mil) to Dec. 2023 (HK$9.4 Mil).

Evergreen Products Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$9.4 Mil) to Dec. 2022 (HK$8.2 Mil) but then increased from Dec. 2022 (HK$8.2 Mil) to Dec. 2023 (HK$9.4 Mil).

Evergreen Products Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evergreen Products Group'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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Evergreen Products Group Long-Term Capital Lease Obligation Chart

Evergreen Products Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.59

8.17

9.42

8.22

9.42

Evergreen Products Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													9.42	8.41	8.22	8.59	9.42

Evergreen Products Group (HKSE:01962) 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.

Evergreen Products Group Long-Term Capital Lease Obligation Related Terms

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Evergreen Products Group (HKSE:01962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Evergreen Products Group Ltd (HKSE:01962) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Kung Yip Street, 11th Floor, Chiap Luen Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.epfhk.com

Evergreen Products Group Ltd is a manufacturer of hair goods. The group designs, manufacture and sell a wide range of hair goods made with synthetic fibers and human hair, including wigs, hairpieces, braids, and high-end human hair extensions. It boasts a comprehensive product portfolio targeted at different ethnic groups and the Halloween market. Its geographical segments are the United States, China, Bangladesh, United Kingdom, Japan, Germany, and others, of which the majority of its revenue comes from Bangladesh.

Executives

Seavi Advent Investments Ltd	2101 Beneficial owner
Clc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Evergreen Enterprise Holdings Limited	2101 Beneficial owner
Fc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Golden Evergreen Limited	2201 Interest of corporation controlled by you
Hsbc International Trustee Limited	2301 Trustee
Chang Yoe Chong Felix	2101 Beneficial owner
Wong Hor Yan	2202 Interest of your spouse
Chang Chih Lung	2307 Founder of a discretionary trust who can infl
Precision Global Capital Management Llc	2102 Investment manager

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