Ching Lee Holdings (HKSE:03728) Long-Term Capital Lease Obligation : HK$1.1 Mil (As of Sep. 2023)

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What is Ching Lee Holdings Long-Term Capital Lease Obligation?

Ching Lee Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.1 Mil.

Ching Lee Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.3 Mil) to Mar. 2023 (HK$1.7 Mil) but then declined from Mar. 2023 (HK$1.7 Mil) to Sep. 2023 (HK$1.1 Mil).

Ching Lee Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$1.7 Mil) to Mar. 2022 (HK$0.5 Mil) but then increased from Mar. 2022 (HK$0.5 Mil) to Mar. 2023 (HK$1.7 Mil).

Ching Lee Holdings Long-Term Capital Lease Obligation Historical Data

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

Ching Lee Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.40

3.54

1.71

0.46

1.73

Ching Lee Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.80	0.46	0.30	1.73	1.06

Ching Lee Holdings (HKSE:03728) 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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Ching Lee Holdings (HKSE:03728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ching Lee Holdings Ltd (HKSE:03728) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

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