Ocean One Holding (HKSE:08476) Long-Term Capital Lease Obligation : HK$0.6 Mil (As of Sep. 2023)

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What is Ocean One Holding Long-Term Capital Lease Obligation?

Ocean One Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.6 Mil.

Ocean One Holding's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$1.1 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.6 Mil).

Ocean One Holding's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0.9 Mil) to Mar. 2022 (HK$0.0 Mil) but then increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$1.1 Mil).

Ocean One Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ocean One Holding'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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Ocean One Holding Long-Term Capital Lease Obligation Chart

Ocean One Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.09

1.72

0.87

1.13

Ocean One Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	1.13	-	0.57

Ocean One Holding (HKSE:08476) 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.

Ocean One Holding Long-Term Capital Lease Obligation Related Terms

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Ocean One Holding (HKSE:08476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean One Holding Ltd (HKSE:08476) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG

Website

https://www.oceanoneholding.com

Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. It offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers in Hong Kong and Macau. It offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, and surf clams, fishes, crabs, roe, octopuses, and cuttlefishes.

Executives

Karlson Holding Limited	2101 Beneficial owner
Chan Kin Fung	2201 Interest of corporation controlled by you
Tse Chun Ha Amy	2202 Interest of your spouse

Ocean One Holding (HKSE:08476) Headlines

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