Hong Kong ChaoShang Group (HKSE:02322) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Mar. 2024)

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What is Hong Kong ChaoShang Group Long-Term Capital Lease Obligation?

Hong Kong ChaoShang Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.0 Mil.

Hong Kong ChaoShang Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$10.3 Mil) to Sep. 2023 (HK$5.4 Mil) and declined from Sep. 2023 (HK$5.4 Mil) to Mar. 2024 (HK$0.0 Mil).

Hong Kong ChaoShang Group's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (HK$8.9 Mil) to Mar. 2023 (HK$10.3 Mil) but then declined from Mar. 2023 (HK$10.3 Mil) to Mar. 2024 (HK$0.0 Mil).

Hong Kong ChaoShang Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Kong ChaoShang Group'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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Hong Kong ChaoShang Group Long-Term Capital Lease Obligation Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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10.33

8.90

10.32

Hong Kong ChaoShang Group 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															8.90	15.48	10.32	5.42	-

Hong Kong ChaoShang Group (HKSE:02322) 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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Hong Kong ChaoShang Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

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