Bortex Global (HKSE:08118) Long-Term Capital Lease Obligation : HK$1.63 Mil (As of Oct. 2023)

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What is Bortex Global Long-Term Capital Lease Obligation?

Bortex Global's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$1.63 Mil.

Bortex Global's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 (HK$3.06 Mil) to Jul. 2023 (HK$0.00 Mil) but then increased from Jul. 2023 (HK$0.00 Mil) to Oct. 2023 (HK$1.63 Mil).

Bortex Global's annual Long-Term Capital Lease Obligation declined from Apr. 2021 (HK$11.24 Mil) to Apr. 2022 (HK$6.14 Mil) and declined from Apr. 2022 (HK$6.14 Mil) to Apr. 2023 (HK$3.06 Mil).

Bortex Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bortex Global'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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Bortex Global Long-Term Capital Lease Obligation Chart

Bortex Global Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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13.16

11.24

6.14

3.06

Bortex Global Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.31	-	3.06	-	1.63

Bortex Global (HKSE:08118) 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.

Bortex Global Long-Term Capital Lease Obligation Related Terms

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Bortex Global (HKSE:08118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bortex Global Ltd (HKSE:08118) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Hung To Road, Room 29, 8th floor, Career and Kenson Industrial Mansion, Kowloon, Kwun Tong, Hong Kong, HKG

Website

http://www.bortex.com.cn

Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.

Executives

Real Charm Corp
Chung Yu Chun
Shiu Kwok Leung

Bortex Global (HKSE:08118) Headlines

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