Maxicity Holdings (HKSE:02295) Long-Term Capital Lease Obligation : HK$0.3 Mil (As of Dec. 2023)

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What is Maxicity Holdings Long-Term Capital Lease Obligation?

Maxicity Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.3 Mil.

Maxicity Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1.1 Mil) to Jun. 2023 (HK$1.0 Mil) and declined from Jun. 2023 (HK$1.0 Mil) to Dec. 2023 (HK$0.3 Mil).

Maxicity Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$1.1 Mil) but then declined from Dec. 2022 (HK$1.1 Mil) to Dec. 2023 (HK$0.3 Mil).

Maxicity Holdings Long-Term Capital Lease Obligation Historical Data

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

Maxicity Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.18

1.12

0.30

Maxicity Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	1.12	1.00	0.30	-

Maxicity Holdings (HKSE:02295) 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.

Maxicity Holdings Long-Term Capital Lease Obligation Related Terms

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Maxicity Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maxicity Holdings Ltd (HKSE:02295) » Definitions » Long-Term Capital Lease Obligation

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Address

100 Granville Road, Harbour Crystal Centre, Unit 1A, 6th Floor, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.maxicity.com.hk

Maxicity Holdings Ltd is a slope works contractor in Hong Kong. The company's services include drilling and installation of soil nails; construction of retaining walls; installation of debris flow protection rigid barriers; construction of flexible barrier system; installation of raking drains; installation of wire meshes and mats for erosion control; construction of concrete maintenance stairway; and landscape softworks and establishment works. The group principally operates in Hong Kong.

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