Ying Kee Tea House Group (HKSE:08241) Long-Term Capital Lease Obligation : HK$2.62 Mil (As of Sep. 2024)

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What is Ying Kee Tea House Group Long-Term Capital Lease Obligation?

Ying Kee Tea House Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$2.62 Mil.

Ying Kee Tea House Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.82 Mil) to Mar. 2024 (HK$0.59 Mil) but then increased from Mar. 2024 (HK$0.59 Mil) to Sep. 2024 (HK$2.62 Mil).

Ying Kee Tea House Group's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$1.26 Mil) to Mar. 2023 (HK$0.07 Mil) but then increased from Mar. 2023 (HK$0.07 Mil) to Mar. 2024 (HK$0.59 Mil).

Ying Kee Tea House Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ying Kee Tea House Group'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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Ying Kee Tea House Group Long-Term Capital Lease Obligation Chart

Ying Kee Tea House Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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0.94

1.67

1.26

0.07

0.59

Ying Kee Tea House Group 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															0.07	-	0.82	0.59	2.62

Ying Kee Tea House Group (HKSE:08241) 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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Ying Kee Tea House Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ying Kee Tea House Group Ltd (HKSE:08241) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Fung Yip Street, 8th Floor, Wah Shing Centre, Siu Sai Wan, Hong Kong, HKG

Website

https://www.yingkeetea.com

Ying Kee Tea House Group Ltd provides variety of Chinese tea leaves broadly categories into Pu-erh Tea, Oolong Tea, Fragrant tea, Green Tea, White Tea, Old Luk On Tea, and Black Tea. It also offers teawares and tea gift sets. The firm operates in a single segment and generates revenue from sales of tea products.

Executives

Chan King Chi	2202 Interest of your spouse
Chan Kun Yuen	2101 Beneficial owner
Chan Kwong Yuen	2101 Beneficial owner
Chan Shu Yuen	2101 Beneficial owner
Chan Tat Yuen	2101 Beneficial owner
Chu Min	2202 Interest of your spouse
Ng Wai Lam Lana Zoe	2202 Interest of your spouse
Po Miu Kuen Tammy	2202 Interest of your spouse
Wong Tak Ming	2101 Beneficial owner
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