Global Engine Group Holding (Global Engine Group Holding) Long-Term Capital Lease Obligation : $0.02 Mil (As of Dec. 2022)

View and export this data going back to 2023. Start your Free Trial

What is Global Engine Group Holding Long-Term Capital Lease Obligation?

Global Engine Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.02 Mil.

Global Engine Group Holding's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Jun. 2022 ($0.05 Mil) but then declined from Jun. 2022 ($0.05 Mil) to Dec. 2022 ($0.02 Mil).

Global Engine Group Holding's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2020 ($0.00 Mil) to Jun. 2021 ($0.00 Mil) but then increased from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.05 Mil).

Global Engine Group Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Engine Group Holding'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.

* Premium members only.

Global Engine Group Holding Long-Term Capital Lease Obligation Chart

Global Engine Group Holding Annual Data

Trend

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

0.05

Global Engine Group Holding Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	0.05	0.02

Global Engine Group Holding (NAS:GLE) 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.

Global Engine Group Holding Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Global Engine Group Holding's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Engine Group Holding (Global Engine Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding (Global Engine Group Holding) Headlines

From GuruFocus

European Markets Warned of Risks in Moving to Faster Trade Settlement Cycle

By GuruFocus Research • 03-21-2024