Anacle Systems (HKSE:08353) Long-Term Capital Lease Obligation : HK$11.9 Mil (As of Nov. 2023)

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What is Anacle Systems Long-Term Capital Lease Obligation?

Anacle Systems's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was HK$11.9 Mil.

Anacle Systems's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (HK$14.8 Mil) to Aug. 2023 (HK$0.0 Mil) but then increased from Aug. 2023 (HK$0.0 Mil) to Nov. 2023 (HK$11.9 Mil).

Anacle Systems's annual Long-Term Capital Lease Obligation declined from May. 2021 (HK$20.1 Mil) to May. 2022 (HK$16.4 Mil) and declined from May. 2022 (HK$16.4 Mil) to May. 2023 (HK$14.8 Mil).

Anacle Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anacle Systems'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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Anacle Systems Long-Term Capital Lease Obligation Chart

Anacle Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.43

20.12

16.39

14.75

Anacle Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	14.75	-	11.87	-

Anacle Systems (HKSE:08353) 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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Anacle Systems (HKSE:08353) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Anacle Systems Ltd (HKSE:08353) » Definitions » Long-Term Capital Lease Obligation

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Address

3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633

Website

https://www.anacle.com

Anacle Systems Ltd is a Singapore-based company engaged in software development. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles; and SpaceMonster segment provides an online venue booking platform. Its geographical segments include Singapore, Malaysia, Thailand, China and others, of which the majority of the revenue comes from Singapore.

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