LKFLF (Luk Fook Holdings (International)) Long-Term Capital Lease Obligation : $41 Mil (As of Mar. 2024)

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What is Luk Fook Holdings (International) Long-Term Capital Lease Obligation?

Luk Fook Holdings (International)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $41 Mil.

Luk Fook Holdings (International)'s quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($19 Mil) to Sep. 2023 ($31 Mil) and increased from Sep. 2023 ($31 Mil) to Mar. 2024 ($41 Mil).

Luk Fook Holdings (International)'s annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($20 Mil) to Mar. 2023 ($19 Mil) but then increased from Mar. 2023 ($19 Mil) to Mar. 2024 ($41 Mil).

Luk Fook Holdings (International) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Luk Fook Holdings (International)'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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Luk Fook Holdings (International) Long-Term Capital Lease Obligation Chart

Luk Fook Holdings (International) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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36.53

10.54

19.56

18.81

40.83

Luk Fook Holdings (International) Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															19.56	18.83	18.81	30.62	40.83

Luk Fook Holdings (International) (OTCPK:LKFLF) 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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Luk Fook Holdings (International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luk Fook Holdings (International) Ltd (OTCPK:LKFLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

00590:Hong Kong LUY1:Germany LUY1:Germany

Address

No. 2 On Yiu Street, 15th, 20th, 25th & 27th Floors, Metropole Square, Shatin, New Territories, Hong Kong, HKG

Website

https://www.lukfook.com

Luk Fook Holdings (International) Ltd is a Hong Kong-based investment holding company. The company is engaged in the sourcing, designing, wholesaling, trademark licensing and retailing of a variety of gold and platinum jewelry and gem-set jewelry products. It operates through the following five segments: Retailing in Hong Kong, Macau and Overseas; Retailing in Mainland China; Wholesaling in Hong Kong; Wholesaling in Mainland China; and Licensing. The company generates maximum revenue from Retailing in Hong Kong, Macau and Overseas segments.