Linklogis (HKSE:09959) Long-Term Capital Lease Obligation : HK$88.3 Mil (As of Dec. 2023)

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What is Linklogis Long-Term Capital Lease Obligation?

Linklogis's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$88.3 Mil.

Linklogis's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$33.5 Mil) to Jun. 2023 (HK$26.0 Mil) but then increased from Jun. 2023 (HK$26.0 Mil) to Dec. 2023 (HK$88.3 Mil).

Linklogis's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$58.9 Mil) to Dec. 2022 (HK$33.5 Mil) but then increased from Dec. 2022 (HK$33.5 Mil) to Dec. 2023 (HK$88.3 Mil).

Linklogis Long-Term Capital Lease Obligation Historical Data

The historical data trend for Linklogis'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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Linklogis Long-Term Capital Lease Obligation Chart

Linklogis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.56

45.13

58.85

33.48

88.33

Linklogis Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					58.85	46.01	33.48	25.99	88.33

Linklogis (HKSE:09959) 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.

Linklogis Long-Term Capital Lease Obligation Related Terms

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Linklogis (HKSE:09959) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Linklogis Inc (HKSE:09959) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 3099 Keyuan South Road, Floor 36, CES Building, Nanshan District, Guangdong, Shenzhen, CHN, 518063

Website

https://www.linklogis.com

Linklogis Inc is a technology solution provider for supply chain finance in China. The company's platform uses big data, artificial intelligence, and blockchain technologies to create a financial service platform to directly connect the asset side and the fund side, enabling small-sized companies to raise funding conveniently. It operates in two segments: Supply chain finance technology solutions and Emerging solutions. Supply chain finance technology solutions include Anchor Cloud and FI Cloud. Emerging Solutions include Crossborder Cloud and SME credit tech solutions.

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