Maiyue Technology (HKSE:02501) Long-Term Capital Lease Obligation : HK$0.2 Mil (As of Dec. 2023)

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What is Maiyue Technology Long-Term Capital Lease Obligation?

Maiyue Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.2 Mil.

Maiyue Technology's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$0.1 Mil) and increased from Dec. 2022 (HK$0.1 Mil) to Dec. 2023 (HK$0.2 Mil).

Maiyue Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$0.1 Mil) and increased from Dec. 2022 (HK$0.1 Mil) to Dec. 2023 (HK$0.2 Mil).

Maiyue Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Maiyue Technology'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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Maiyue Technology Long-Term Capital Lease Obligation Chart

Maiyue Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.68

0.14

0.24

Maiyue Technology Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	0.68	-	0.14	0.24

Maiyue Technology (HKSE:02501) 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.

Maiyue Technology Long-Term Capital Lease Obligation Related Terms

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Maiyue Technology (HKSE:02501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maiyue Technology Ltd (HKSE:02501) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Gehai Road, Room 806, 8th Floor, Office Area, Block B, East Tower, Guangxi, Guangxi Sports Centre Supporting Project Complex, Nanning, CHN

Website

http://www.maiyuesoft.com

Maiyue Technology Ltd is an integrated IT solutions services provider in the education and government IT solutions markets in Guangxi. It primarily focuses on the provision of customized integrated IT solutions services to customers in the education sector, primarily offline formal public education institutions, for the purpose of digitalized campus development. It aims to utilize technologies in its products and services to assist education institutions in opening up and connecting different departments, functions and facilities of campus in a single platform, realizing the integration and utilization of data from multiple sources, which improves the overall campus experience and effectiveness of teaching and learning.

Executives

Deep Blue Ocean Electronics Technology Limited	2101 Beneficial owner
Deng Caidie	2201 Interest of corporation controlled by you
He Deling	2202 Interest of your spouse
Kong Xiaoyan	2202 Interest of your spouse
Li Changqing	2201 Interest of corporation controlled by you
Wang Yufei	2201 Interest of corporation controlled by you
Xu Tao	2202 Interest of your spouse
Yang Zihan	2202 Interest of your spouse
Zhang Guangbai	2201 Interest of corporation controlled by you
Canwest Profits Limited	2101 Beneficial owner
Ng Ling Ling	2202 Interest of your spouse
Chan Eong Liat Jason	2201 Interest of corporation controlled by you
Koh Lik Ching	2202 Interest of your spouse
Million Oak Limited	2101 Beneficial owner
Ye Shanmin	2201 Interest of corporation controlled by you

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