Crosstec Group Holdings (HKSE:03893) Long-Term Capital Lease Obligation : HK$0.51 Mil (As of Dec. 2024)

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What is Crosstec Group Holdings Long-Term Capital Lease Obligation?

Crosstec Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.51 Mil.

Crosstec Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$0.90 Mil) to Jun. 2024 (HK$0.76 Mil) and declined from Jun. 2024 (HK$0.76 Mil) to Dec. 2024 (HK$0.51 Mil).

Crosstec Group Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (HK$0.39 Mil) to Jun. 2023 (HK$4.53 Mil) but then declined from Jun. 2023 (HK$4.53 Mil) to Jun. 2024 (HK$0.76 Mil).

Crosstec Group Holdings Long-Term Capital Lease Obligation Historical Data

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

Crosstec Group Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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12.56

6.10

0.39

4.53

0.76

Crosstec Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	4.53	0.90	0.76	0.51

Crosstec Group Holdings (HKSE:03893) 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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Crosstec Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Crosstec Group Holdings Ltd (HKSE:03893) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

651 King’s Road, Unit 1301, 13th Floor, Technology Plaza, Hong Kong, HKG

Website

https://www.crosstec.com.hk

Crosstec Group Holdings Ltd is a one-stop provider of interior design solutions in Hong Kong. Its services include millwork and furniture provision, facade development and fabrication, interior solutions, and design and project consultancy services. It derives the majority of its revenue from interior solutions projects. The company operates in Hong Kong, Japan, People's Republic of China, Monaco, United States and others, out of which it derives majority of its revenue from People's Republic of China.

Executives

Mk Investment Group Limited	2101 Beneficial owner
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Cgh (bvi) Limited	2101 Beneficial owner
Lee Wai Sang	2201 Interest of corporation controlled by you
Leung Mo Shan Jackie	2201 Interest of corporation controlled by you

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