Vicon Holdings (HKSE:03878) Long-Term Capital Lease Obligation : HK$0.3 Mil (As of Sep. 2024)

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What is Vicon Holdings Long-Term Capital Lease Obligation?

Vicon Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.3 Mil.

Vicon Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.2 Mil) to Mar. 2024 (HK$0.0 Mil) but then increased from Mar. 2024 (HK$0.0 Mil) to Sep. 2024 (HK$0.3 Mil).

Vicon Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$6.5 Mil) to Mar. 2023 (HK$0.9 Mil) and declined from Mar. 2023 (HK$0.9 Mil) to Mar. 2024 (HK$0.0 Mil).

Vicon Holdings Long-Term Capital Lease Obligation Historical Data

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

Vicon Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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41.72

26.51

6.52

0.88

0.04

Vicon Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														2.03	0.88	0.18	0.04	0.34

Vicon Holdings (HKSE:03878) 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.

Vicon Holdings Long-Term Capital Lease Obligation Related Terms

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Vicon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vicon Holdings Ltd (HKSE:03878) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Hoi Bun Road, Office D, 16th Floor, MG Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.vicon.com.hk

Vicon Holdings Ltd is a Hong Kong-based investment company. The company is engaged in foundation works and ancillary services. Geographically, the company derives the maximum of its revenue from Hong Kong. The company segments include construction works and leasing of construction machinery. The company earns maximum revenue from the construction segment. The company's foundation projects involve different types of construction works, such as piling construction, ELS works, pile cap construction, and general building work in Hong Kong.

Executives

Vic Group Holdings Limited	2101 Beneficial owner
Chow Kwok Chun	2201 Interest of corporation controlled by you
Hon Yuk Hung	2202 Interest of your spouse

Vicon Holdings Headlines

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