Min Fu International Holding (HKSE:08511) Long-Term Capital Lease Obligation : HK$0.61 Mil (As of Sep. 2023)

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What is Min Fu International Holding Long-Term Capital Lease Obligation?

Min Fu International Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.61 Mil.

Min Fu International Holding's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$4.95 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.61 Mil).

Min Fu International Holding's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0.02 Mil) to Mar. 2022 (HK$0.00 Mil) but then increased from Mar. 2022 (HK$0.00 Mil) to Mar. 2023 (HK$4.95 Mil).

Min Fu International Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Min Fu International 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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Min Fu International Holding Long-Term Capital Lease Obligation Chart

Min Fu International Holding Annual Data

Trend

Mar16

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Mar23

Long-Term Capital Lease Obligation

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0.02

4.95

Min Fu International 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															4.06	-	4.95	-	0.61

Min Fu International Holding (HKSE:08511) 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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Min Fu International Holding (HKSE:08511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Min Fu International Holding Ltd (HKSE:08511) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 1, 16/F, Financial Centre, 22 Taizi Road, Nanshan district, Shenzhen, CHN

Website

http://www.minfuintl.com

Min Fu International Holding Ltd is an investment holding company. The company is engaged in the provision of smart manufacturing solution provider focusing on precision 3D testing solutions and precision machining solutions in China. It generates maximum revenue from Precision 3D testing solutions. The company products portfolio includes Non-contact optical measurement and Non-contact three-dimensional dynamic measurement.

Executives

Huang Minzhi	2101 Beneficial owner
Huang Minfu	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Tecway Technology Limited	2101 Beneficial owner
Ifg Swans Holding Ltd.	2101 Beneficial owner
Wu Di	2201 Interest of corporation controlled by you
Theia Vision Capital Limited	2101 Beneficial owner
Theia Vision Capital Limited	2101 Beneficial owner

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