Legend Holdings (HKSE:03396) Long-Term Capital Lease Obligation : HK$2,897 Mil (As of Dec. 2023)

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What is Legend Holdings Long-Term Capital Lease Obligation?

Legend Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,897 Mil.

Legend Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$3,231 Mil) to Jun. 2023 (HK$3,181 Mil) and declined from Jun. 2023 (HK$3,181 Mil) to Dec. 2023 (HK$2,897 Mil).

Legend Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$3,549 Mil) to Dec. 2022 (HK$3,231 Mil) and declined from Dec. 2022 (HK$3,231 Mil) to Dec. 2023 (HK$2,897 Mil).

Legend Holdings Long-Term Capital Lease Obligation Historical Data

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

Legend Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,734.14

3,475.77

3,548.73

3,230.84

2,896.61

Legend 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															3,548.73	3,140.52	3,230.84	3,181.10	2,896.61

Legend Holdings (HKSE:03396) 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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Legend Holdings (HKSE:03396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Legend Holdings Ltd (HKSE:03396) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1PC:Germany

Address

Room 1701, 17th Floor, Block 1, Court No. 2, Ke Xue Yuan Nanlu, Haidian District, Beinjing, CHN, 100190

Website

http://www.legendholdings.com.cn

Legend Holdings Ltd is a diversified industrial and investment group in China. The Company operates its business through two sectors: industrial operations and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is mainly engaged in providing innovative intelligent devices and infrastructure, and creates intelligent solutions, services and software. Levima Group, which mainly engaged in the research and development, production and sales of advanced material products. The industrial incubations and investments includes Which is engaged in investment in the PE Funds and VC Funds as a limited partner and holds interest in the general partners of certain funds.

Executives

Bei Jing Lian Heng Yong Xin Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Bei Jing Lian Heng Yong Kang Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Chuanzhi
Liu Chuanzhi	2101 Beneficial owner
Bei Jing Lian Chi Zhi Tong Guan Li Zi Xun You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Bei Jing Lian Chi Zhi Yuan Guan Li Zi Xun Zhong Xin You Xian He Huo	2101 Beneficial owner

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