ArtGo Holdings (HKSE:03313) Long-Term Capital Lease Obligation : HK$0.64 Mil (As of Dec. 2023)

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What is ArtGo Holdings Long-Term Capital Lease Obligation?

ArtGo Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.64 Mil.

ArtGo Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.23 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.64 Mil).

ArtGo Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.95 Mil) to Dec. 2022 (HK$0.23 Mil) but then increased from Dec. 2022 (HK$0.23 Mil) to Dec. 2023 (HK$0.64 Mil).

ArtGo Holdings Long-Term Capital Lease Obligation Historical Data

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

ArtGo Holdings Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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3.82

27.44

0.95

0.23

0.64

ArtGo Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.95	0.69	0.23	-	0.64

ArtGo Holdings (HKSE:03313) 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.

ArtGo Holdings Long-Term Capital Lease Obligation Related Terms

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ArtGo Holdings (HKSE:03313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ArtGo Holdings Ltd (HKSE:03313) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 728 Yan'an West Road, Room E, 6th Floor, Changning District, Shanghai, CHN

Website

http://www.artgo.cn

ArtGo Holdings Ltd is engaged n mining, processing, trading, and sales of marble stones and warehouse logistics business. The company operates in two business segments. The marble products segment produces marble stone products and calcium carbonate products mainly for further processing or trading, and the other segment includes the trading of commodities, and provision of warehousing and logistics services Geographically, the group derives revenue from the PRC.

Executives

Wu Hailong	2101 Beneficial owner
Casado Co., Limited	2101 Beneficial owner
Ma Boyun	2201 Interest of corporation controlled by you
Xu Xiaodong	2106 Person having a security interest in shares
Gu Weiwen
Zhang Jian
Tong Sui Lun Franco	2101 Beneficial owner

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