Vertical International Holdings (HKSE:08375) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is Vertical International Holdings Long-Term Capital Lease Obligation?

Vertical International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Vertical International Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$0.01 Mil) to Sep. 2023 (HK$0.00 Mil) but then stayed the same from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.00 Mil).

Vertical International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.21 Mil) to Dec. 2022 (HK$0.04 Mil) and declined from Dec. 2022 (HK$0.04 Mil) to Dec. 2023 (HK$0.00 Mil).

Vertical International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vertical International 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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Vertical International Holdings Long-Term Capital Lease Obligation Chart

Vertical International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.10

0.21

0.04

Vertical International Holdings 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															0.04	-	0.01	-	-

Vertical International Holdings (HKSE:08375) 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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Vertical International Holdings (HKSE:08375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vertical International Holdings Ltd (HKSE:08375) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Wing Hong Street, Unit 2212, 22 Floor, Global Gateway Tower, Cheung Sha Wan, Hong Kong, HKG

Website

http://www.verticaltech.com.cn

Vertical International Holdings Ltd is an investment holding company. It company, with its subsidiaries, is in the Sales of manufactured aluminum electrolytic capacitors and Trading of electronic components segments. It derives key revenue from the sales of manufactured aluminum electrolytic capacitors business which involves the manufacturing and selling of aluminum electrolytic capacitors and represents the manufacturing and selling of chip-type and radial lead-type aluminum electrolytic capacitors in the PRC. Geographically, the group has a business presence in Hong Kong, PRC, Japan, and Other Asian regions.

Executives

Boon Ho Yin Henry	2101 Beneficial owner
Sun Koon Kwan	2202 Interest of your spouse
Vertical Technology Investment Limited	2101 Beneficial owner

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