China United Venture Investment (HKSE:08159) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Sep. 2023)

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What is China United Venture Investment Long-Term Capital Lease Obligation?

China United Venture Investment's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.0 Mil.

China United Venture Investment's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (HK$0.0 Mil) to Jun. 2023 (HK$9.6 Mil) but then declined from Jun. 2023 (HK$9.6 Mil) to Sep. 2023 (HK$0.0 Mil).

China United Venture Investment's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$15.6 Mil) to Dec. 2022 (HK$13.0 Mil) and declined from Dec. 2022 (HK$13.0 Mil) to Dec. 2023 (HK$8.5 Mil).

China United Venture Investment Long-Term Capital Lease Obligation Historical Data

The historical data trend for China United Venture Investment'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 United Venture Investment Long-Term Capital Lease Obligation Chart

China United Venture Investment Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.40

0.91

15.56

12.99

8.49

China United Venture Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.99	-	9.65	-	8.49

China United Venture Investment (HKSE:08159) 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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China United Venture Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China United Venture Investment Ltd (HKSE:08159) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 Harcourt Road, Room 1801-1802, 18th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

https://www.glorymark.com.tw

China United Venture Investment Ltd is engaged in the business of design, manufacture, and sales of connectivity products. The products are mainly used in computers, computer peripheral products, multi-media consumable electronic products, communication products, automobile electronics accessories, wire harnesses and medical equipment. Some of the products offered are USB hub, Card reader, Dongle, Cables and others. The company's segment includes the Original equipment manufacturer (OEM) customers segment, the Provision of comprehensive architectural services, and the Retail distributor's segment. Most of the firm's revenue gets derived through the OEM customers segment.

Executives

Wang Li Feng	2101 Beneficial owner
Pt Design Group Holdings Limited
Wise Thinker Holdings Limited
Pt Design Group Limited	2101 Beneficial owner
Wise Thinker Holding Limited	2101 Beneficial owner

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