Intelligent Group (Intelligent Group) Long-Term Capital Lease Obligation : $0.04 Mil (As of Nov. 2023)

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What is Intelligent Group Long-Term Capital Lease Obligation?

Intelligent Group's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.04 Mil.

Intelligent Group's quarterly Long-Term Capital Lease Obligation increased from Nov. 2022 ($0.00 Mil) to May. 2023 ($0.09 Mil) but then declined from May. 2023 ($0.09 Mil) to Nov. 2023 ($0.04 Mil).

Intelligent Group's annual Long-Term Capital Lease Obligation declined from Nov. 2021 ($0.03 Mil) to Nov. 2022 ($0.00 Mil) but then increased from Nov. 2022 ($0.00 Mil) to Nov. 2023 ($0.04 Mil).

Intelligent Group Long-Term Capital Lease Obligation Historical Data

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

Intelligent Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

0.03

0.04

Intelligent Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.03	-	-	0.09	0.04

Intelligent Group (NAS:INTJ) 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.

Intelligent Group Long-Term Capital Lease Obligation Related Terms

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Intelligent Group (Intelligent Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intelligent Group Ltd (NAS:INTJ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

18 Harcourt Road, Unit 2803, Level 28, Tower 1, Admiralty Centre, Admiralty, Hong Kong, HKG

Website

http://www.intelligentjoy.com

Intelligent Group Ltd is a professional services provider in Hong Kong that principally engages in the provision of Financial PR services. The company provides a substantial number of holistic and comprehensive Financial PR services to its clients through IJL, its key operating entity in Hong Kong. It advises its clients on their communications and reputation management efforts. Its Financial PR services include creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.