Ever Glory United Holdings (SGX:ZKX) Long-Term Capital Lease Obligation : S$0.18 Mil (As of Dec. 2023)

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What is Ever Glory United Holdings Long-Term Capital Lease Obligation?

Ever Glory United Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.18 Mil.

Ever Glory United Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.06 Mil) to Jun. 2023 (S$0.14 Mil) and increased from Jun. 2023 (S$0.14 Mil) to Dec. 2023 (S$0.18 Mil).

Ever Glory United Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$0.06 Mil) to Dec. 2022 (S$0.06 Mil) but then increased from Dec. 2022 (S$0.06 Mil) to Dec. 2023 (S$0.18 Mil).

Ever Glory United Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings Long-Term Capital Lease Obligation Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.08

0.06

0.18

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.06	-	0.06	0.14	0.18

Ever Glory United Holdings (SGX:ZKX) 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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Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

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