High Fashion International (HKSE:00608) Long-Term Capital Lease Obligation : HK$3 Mil (As of Jun. 2024)

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What is High Fashion International Long-Term Capital Lease Obligation?

High Fashion International's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$3 Mil.

High Fashion International's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$7 Mil) to Dec. 2023 (HK$5 Mil) and declined from Dec. 2023 (HK$5 Mil) to Jun. 2024 (HK$3 Mil).

High Fashion International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$12 Mil) to Dec. 2022 (HK$9 Mil) and declined from Dec. 2022 (HK$9 Mil) to Dec. 2023 (HK$5 Mil).

High Fashion International Long-Term Capital Lease Obligation Historical Data

The historical data trend for High Fashion International'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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High Fashion International Long-Term Capital Lease Obligation Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.44

18.16

12.40

8.67

5.26

High Fashion International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.51	8.67	7.17	5.26	3.25

High Fashion International (HKSE:00608) 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.

High Fashion International Long-Term Capital Lease Obligation Related Terms

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High Fashion International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

http://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company generates maximum revenue from the Manufacturing and trading of garments segment and geographically from China. The company operates in the United States, China, Europe, and Other countries.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International Headlines

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