Ming Shing Group Holdings (Ming Shing Group Holdings) Long-Term Capital Lease Obligation : $0.15 Mil (As of Sep. 2023)

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What is Ming Shing Group Holdings Long-Term Capital Lease Obligation?

Ming Shing Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil.

Ming Shing Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($0.26 Mil) to Mar. 2023 ($0.22 Mil) and declined from Mar. 2023 ($0.22 Mil) to Sep. 2023 ($0.15 Mil).

Ming Shing Group Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($0.14 Mil) to Mar. 2022 ($0.09 Mil) but then increased from Mar. 2022 ($0.09 Mil) to Mar. 2023 ($0.22 Mil).

Ming Shing Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ming Shing Group Holdings'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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Ming Shing Group Holdings Long-Term Capital Lease Obligation Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.14

0.09

0.22

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.09	0.26	0.22	0.15

Ming Shing Group Holdings (NAS:MSW) 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.

Ming Shing Group Holdings Long-Term Capital Lease Obligation Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

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