Launch Tech Co (HKSE:02488) Long-Term Capital Lease Obligation : HK$5 Mil (As of Dec. 2024)

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What is Launch Tech Co Long-Term Capital Lease Obligation?

Launch Tech Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$5 Mil.

Launch Tech Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$10 Mil) to Jun. 2024 (HK$7 Mil) and declined from Jun. 2024 (HK$7 Mil) to Dec. 2024 (HK$5 Mil).

Launch Tech Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$11 Mil) to Dec. 2023 (HK$10 Mil) and declined from Dec. 2023 (HK$10 Mil) to Dec. 2024 (HK$5 Mil).

Launch Tech Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Launch Tech Co'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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Launch Tech Co Long-Term Capital Lease Obligation Chart

Launch Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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3.09

0.25

10.95

10.12

5.10

Launch Tech Co 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															10.95	-	10.12	6.92	5.10

Launch Tech Co (HKSE:02488) 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.

Launch Tech Co Long-Term Capital Lease Obligation Related Terms

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Launch Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (HKSE:02488) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LAN:Germany LAN:Germany

Address

Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129

Website

https://www.cnlaunch.com

Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Europe Overseas Sales segment covers development and maintenance of European distributors and customers. The U.S. Overseas Sales segment covers development and maintenance of distributors and customers in the Americas.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Cao Guanye	2101 Beneficial owner

Launch Tech Co Headlines

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