Yangtzekiang Garment (HKSE:00294) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Mar. 2024)

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What is Yangtzekiang Garment Long-Term Capital Lease Obligation?

Yangtzekiang Garment's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.1 Mil.

Yangtzekiang Garment's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$0.1 Mil) but then declined from Sep. 2023 (HK$0.1 Mil) to Mar. 2024 (HK$0.1 Mil).

Yangtzekiang Garment's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (HK$0.1 Mil) to Mar. 2023 (HK$0.0 Mil) but then increased from Mar. 2023 (HK$0.0 Mil) to Mar. 2024 (HK$0.1 Mil).

Yangtzekiang Garment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yangtzekiang Garment'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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Yangtzekiang Garment Long-Term Capital Lease Obligation Chart

Yangtzekiang Garment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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13.86

5.18

0.08

0.07

Yangtzekiang Garment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.08	0.01	-	0.11	0.07

Yangtzekiang Garment (HKSE:00294) 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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Yangtzekiang Garment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yangtzekiang Garment Ltd (HKSE:00294) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygm.com.hk

Yangtzekiang Garment Ltd is a Hong Kong-based company principally engaged in garment and property businesses. The company operates through three segments. Manufacture and sale of garments and textiles segment which generates revenue. This segment also covers the provision of garment processing services. Interests in the joint ventures segment are engaged in the manufacture and sales of textile yarn products through its joint ventures. The property leasing segment is engaged in the leasing of commercial and industrial properties. It generates the majority of its revenue from the European region.

Executives

Chan Wing Sun	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner

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