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Fenbo Holdings (Fenbo Holdings) Long-Term Capital Lease Obligation : $0.03 Mil (As of Dec. 2023)


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What is Fenbo Holdings Long-Term Capital Lease Obligation?

Fenbo Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil.

Fenbo Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.33 Mil) to Jun. 2023 ($0.03 Mil) and declined from Jun. 2023 ($0.03 Mil) to Dec. 2023 ($0.03 Mil).

Fenbo Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.14 Mil) to Dec. 2022 ($0.33 Mil) and declined from Dec. 2022 ($0.33 Mil) to Dec. 2023 ($0.03 Mil).

Fenbo Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fenbo 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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Fenbo Holdings Long-Term Capital Lease Obligation Chart

Fenbo Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
1.71 1.14 0.33 0.03

Fenbo Holdings Quarterly Data
Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.54 0.33 0.03 0.03

Fenbo Holdings  (NAS:FEBO) 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.

Fenbo Holdings Long-Term Capital Lease Obligation Related Terms

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Fenbo Holdings (Fenbo Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fenbo Holdings Ltd (NAS:FEBO) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
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Address
Unit J, 19/F, World Tech Centre, 95 How Ming Street, Kwun Tong, Kowloon, HKG
Website
https://www.fenbo.com
Fenbo Holdings Ltd is a company engaged in producing premium personal care electric appliances principally electrical hair styling products such as straighteners, curlers, trimmers, etc. and toys products to overseas markets. They manufacture and sell products such as Straightener, Mini Straightener and Curling Iron.