China New Holdings (HKSE:08125) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Sep. 2024)

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What is China New Holdings Long-Term Capital Lease Obligation?

China New Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.00 Mil.

China New Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.96 Mil) to Mar. 2024 (HK$0.00 Mil) but then stayed the same from Mar. 2024 (HK$0.00 Mil) to Sep. 2024 (HK$0.00 Mil).

China New Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$8.72 Mil) to Mar. 2023 (HK$2.63 Mil) and declined from Mar. 2023 (HK$2.63 Mil) to Mar. 2024 (HK$0.00 Mil).

China New Holdings Long-Term Capital Lease Obligation Historical Data

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

China New Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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13.57

7.70

8.72

2.63

China New Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.63	-	0.96	-	-

China New Holdings (HKSE:08125) 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.

China New Holdings Long-Term Capital Lease Obligation Related Terms

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China New Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China New Holdings Ltd (HKSE:08125) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2201, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.royalcentury.hk

China New Holdings Ltd is engaged in businesses including: design, fitting out and engineering services, leasing of construction equipment, sourcing and merchandising of fine and rare wines and financial services business.

Executives

Li Shing Kuen Alexander	2101 Beneficial owner
Max Premier Limited	2101 Beneficial owner
Zhao Chuanrong	2101 Beneficial owner
Hong Kong Chaoshang Group Limited	2101 Beneficial owner

China New Holdings Headlines

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