Furniweb Holdings (HKSE:08480) Long-Term Capital Lease Obligation : HK$5.4 Mil (As of Dec. 2024)

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What is Furniweb Holdings Long-Term Capital Lease Obligation?

Furniweb Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$5.4 Mil.

Furniweb Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$8.2 Mil) to Jun. 2024 (HK$6.8 Mil) and declined from Jun. 2024 (HK$6.8 Mil) to Dec. 2024 (HK$5.4 Mil).

Furniweb Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$10.0 Mil) to Dec. 2023 (HK$8.2 Mil) and declined from Dec. 2023 (HK$8.2 Mil) to Dec. 2024 (HK$5.4 Mil).

Furniweb Holdings Long-Term Capital Lease Obligation Historical Data

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

Furniweb Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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23.71

5.61

10.05

8.22

5.36

Furniweb Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.75	-	8.22	6.75	5.36

Furniweb Holdings (HKSE:08480) 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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Furniweb Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Furniweb Holdings Ltd (HKSE:08480) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Lot 1883, Jalan KPB9, Kg. Bharu Balakong, Seri Kembangan, SGR, MYS, 43300

Website

https://www.furniweb.com.my

Furniweb Holdings Ltd is an investment holding company. The company is engaged in the manufacturing and sales of elastic textiles, webbing, and rubber tape-related products, and the energy efficiency business. The segments of the group are Manufacturing, Energy efficiency, and others, of which key revenue is derived from the Energy efficiency segment. Geographically, the group has a business presence in the Asia Pacific, Malaysia, Singapore, Vietnam, and Other regions of Asia Pacific. The company generates the majority of its revenue from Malaysia.

Executives

Jim Ka Man
Prg Holdings Berhad	2101 Beneficial owner
Ng Yan Cheng	2101 Beneficial owner

Furniweb Holdings Headlines

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