Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Luks Group (Vietnam Holdings) Co Long-Term Capital Lease Obligation?

Luks Group (Vietnam Holdings) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Luks Group (Vietnam Holdings) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Luks Group (Vietnam 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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Luks Group (Vietnam Holdings) Co Long-Term Capital Lease Obligation Chart

Luks Group (Vietnam Holdings) Co Annual Data

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Long-Term Capital Lease Obligation

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Luks Group (Vietnam Holdings) Co Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Luks Group (Vietnam Holdings) Co (OTCPK:LKSGF) 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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Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Luks Group (Vietnam Holdings) Co Ltd (OTCPK:LKSGF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

00366:Hong Kong LU4:Germany

Address

39-41 Sheung Heung Road, 5th Floor, Cheong Wah Factory Building, Tokwawan, Kowloon, Hong Kong, HKG

Website

http://www.luks.com.hk

Luks Group (Vietnam Holdings) Co Ltd is an investment holding company. Its segments include the Cement products segment, the Property Investment segment, the Hotel operation segment, the Property Development segment, and the Corporate and others segment. It derives key revenue from the cement products segment that represents the group's manufacture and sale of cement products for use in the construction industry. The group derives a majority of its revenue from Vietnam followed by Hong Kong and Mainland China.

Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Headlines

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