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Grand Fortune High Grade (LSE:GFHG) Long-Term Capital Lease Obligation : £0.00 Mil (As of Oct. 2023)


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What is Grand Fortune High Grade Long-Term Capital Lease Obligation?

Grand Fortune High Grade's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.00 Mil.


Grand Fortune High Grade Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand Fortune High Grade'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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Grand Fortune High Grade Long-Term Capital Lease Obligation Chart

Grand Fortune High Grade Annual Data
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Grand Fortune High Grade Semi-Annual Data
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Grand Fortune High Grade  (LSE:GFHG) 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.

Grand Fortune High Grade Long-Term Capital Lease Obligation Related Terms

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Grand Fortune High Grade (LSE:GFHG) Business Description

Traded in Other Exchanges
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Address
No. 2193 Guangyuan East, Room No. 1805, Times New World Center, Tianhe District, Guangdong Province, Guangzhou, CHN
Grand Fortune High Grade Ltd provides financial training, corporate training, and professional qualification courses. The company is focused on development, by organic growth, it's a financial training business to satisfy the significant demand for financial sector specialists. The firm operates in a single segment namely the Development and operation of financial training courses in China.

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