Hengdeli Holdings (HKSE:03389) Long-Term Capital Lease Obligation : HK$23 Mil (As of Dec. 2023)

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What is Hengdeli Holdings Long-Term Capital Lease Obligation?

Hengdeli Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$23 Mil.

Hengdeli Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$7 Mil) to Jun. 2023 (HK$2 Mil) but then increased from Jun. 2023 (HK$2 Mil) to Dec. 2023 (HK$23 Mil).

Hengdeli Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$15 Mil) to Dec. 2022 (HK$7 Mil) but then increased from Dec. 2022 (HK$7 Mil) to Dec. 2023 (HK$23 Mil).

Hengdeli Holdings Long-Term Capital Lease Obligation Historical Data

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

Hengdeli Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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80.18

25.39

14.79

7.31

23.31

Hengdeli 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															14.79	7.48	7.31	1.60	23.31

Hengdeli Holdings (HKSE:03389) 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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Hengdeli Holdings (HKSE:03389) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (HKSE:03389) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

XYUA:Germany

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.hengdeligroup.com

Hengdeli Holdings Ltd is primarily engaged in the retail and trading of watches and jewellery with comprehensive related customer services and maintenance, manufacturing of watch accessories, provision of shop design and decoration service, and trading of iron ore. The operating segments of the group are High-end consuming accessories; Watches retail and trading and Commodity trading. It has a business presence mainly in Mainland China, Hong Kong, Taiwan, and Malaysia.

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