Future Bright Mining Holdings (HKSE:02212) Long-Term Capital Lease Obligation : HK$1.6 Mil (As of Dec. 2024)

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What is Future Bright Mining Holdings Long-Term Capital Lease Obligation?

Future Bright Mining Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$1.6 Mil.

Future Bright Mining Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2023 (HK$0.0 Mil) to Jun. 2024 (HK$0.0 Mil) but then increased from Jun. 2024 (HK$0.0 Mil) to Dec. 2024 (HK$1.6 Mil).

Future Bright Mining Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$2.0 Mil) to Dec. 2023 (HK$0.0 Mil) but then increased from Dec. 2023 (HK$0.0 Mil) to Dec. 2024 (HK$1.6 Mil).

Future Bright Mining Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Future Bright Mining 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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Future Bright Mining Holdings Long-Term Capital Lease Obligation Chart

Future Bright Mining Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.12

0.16

1.95

1.60

Future Bright Mining Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.95	0.14	-	-	1.60

Future Bright Mining Holdings (HKSE:02212) 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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Future Bright Mining Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Future Bright Mining Holdings Ltd (HKSE:02212) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 207 Shuijing Avenue, Chengguan Town, Nanzhang County, Hubei Province, Xiangyang, CHN

Website

http://www.futurebrightltd.com

Future Bright Mining Holdings Ltd is a marble mining company. It has been focusing on developing the Yiduoyan Project, which is an open-pit mine located in the Hubei Province of the PRC. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.

Executives

Golden Convergence Holdings Group Limited	2101 Beneficial owner
Golden Convergence Investment Limited	2201 Interest of corporation controlled by you
Wu Yan Nancy	2201 Interest of corporation controlled by you
Sun Hailong	2101 Beneficial owner
Zhang Caihong	2202 Interest of your spouse
Zhong Ke Jiu Tai Resources Use Technology Holdings Company Limited	2201 Interest of corporation controlled by you
Zhong Ke Jiu Tai Technology Group Limited	2101 Beneficial owner
Li Yuguo	2201 Interest of corporation controlled by you
Ge Limin	2101 Beneficial owner

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