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Victory Securities (Holdings) Co (HKSE:08540) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Jun. 2024)


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What is Victory Securities (Holdings) Co Long-Term Capital Lease Obligation?

Victory Securities (Holdings) Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.00 Mil.


Victory Securities (Holdings) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Victory Securities (Holdings) Co'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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Victory Securities (Holdings) Co Long-Term Capital Lease Obligation Chart

Victory Securities (Holdings) Co Annual Data
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Long-Term Capital Lease Obligation
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Victory Securities (Holdings) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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Victory Securities (Holdings) Co  (HKSE:08540) 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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Victory Securities (Holdings) Co Business Description

Traded in Other Exchanges
N/A
Address
3 Connaught Road West, Room 1101-3, 11th Floor, Yardley Commercial Building, Sheung Wan, Hong Kong, HKG
Victory Securities (Holdings) Co Ltd is an investment holding company engaged in the businesses of securities futures insurance policies broking, placing and underwriting services and advising on securities services, financing services, asset management services, financial advisory services, and investment consultancy services in Hong Kong.. The company has five operating segments: Securities/ futures broking services; Financing services; Asset management services; Insurance consultancy services and Financial advisory services. It generates maximum revenue from the Securities/ futures broking services segment. The Group operates in Hong Kong and its revenue is derived from its operations in Hong Kong.
Executives
Chui Fan 2101 Beneficial owner
Kou Kuen 2101 Beneficial owner
Dr. Tt Kou's Family Company Limited 2101 Beneficial owner
Chan Pui Chuen 2101 Beneficial owner
Chan Ying Kit 2202 Interest of your spouse
Kou Luen 2101 Beneficial owner

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