Fulu Holdings (HKSE:02101) Long-Term Capital Lease Obligation : HK$5.4 Mil (As of Dec. 2023)

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What is Fulu Holdings Long-Term Capital Lease Obligation?

Fulu Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5.4 Mil.

Fulu Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$9.8 Mil) to Jun. 2023 (HK$11.2 Mil) but then declined from Jun. 2023 (HK$11.2 Mil) to Dec. 2023 (HK$5.4 Mil).

Fulu Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$7.3 Mil) to Dec. 2022 (HK$9.8 Mil) but then declined from Dec. 2022 (HK$9.8 Mil) to Dec. 2023 (HK$5.4 Mil).

Fulu Holdings Long-Term Capital Lease Obligation Historical Data

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

Fulu Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.19

2.15

7.28

9.80

5.44

Fulu Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							7.28	12.77	9.80	11.17	5.44

Fulu Holdings (HKSE:02101) 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.

Fulu Holdings Long-Term Capital Lease Obligation Related Terms

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Fulu Holdings (HKSE:02101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fulu Holdings Ltd (HKSE:02101) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, Guanggu Avenue, 2nd Floor, Building B2, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN

Website

https://www.fulu.com

Fulu Holdings Ltd is a third-party virtual goods and services platform operator in China. Its platform connects virtual goods vendors and virtual goods sales channels. It serves virtual goods vendors, covering leisure and entertainment, games, telecommunications, and lifestyle services, providing virtual goods vendors with access to a variety of sales channels, such as e-commerce and online payment platforms. It generates revenues from providing business-to-business services to virtual goods vendors and sales channels, including facilitating virtual goods transactions between virtual goods vendors and virtual goods sales channels and providing value-added services. It generates revenue from four business segments: leisure and entertainment; games; telecommunications; and lifestyle.

Executives

Xu Jian	2201 Interest of corporation controlled by you
Luzhi Holdings Limited	2101 Beneficial owner
Fu Xi	2307 Founder of a discretionary trust who can infl
Zhang Yuguo	2101 Beneficial owner
Fuxi Limited	2201 Interest of corporation controlled by you
Zhangyuguo Holdings Limited	2101 Beneficial owner

Fulu Holdings (HKSE:02101) Headlines

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