Huashi Group Holdings (HKSE:01111) Long-Term Capital Lease Obligation : HK$1.1 Mil (As of Dec. 2022)

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What is Huashi Group Holdings Long-Term Capital Lease Obligation?

Huashi Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was HK$1.1 Mil.

Huashi Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$5.3 Mil) to Dec. 2021 (HK$3.5 Mil) and declined from Dec. 2021 (HK$3.5 Mil) to Dec. 2022 (HK$1.1 Mil).

Huashi Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$5.3 Mil) to Dec. 2021 (HK$3.5 Mil) and declined from Dec. 2021 (HK$3.5 Mil) to Dec. 2022 (HK$1.1 Mil).

Huashi Group Holdings Long-Term Capital Lease Obligation Historical Data

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

Huashi Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.32

3.48

1.11

7.25

Huashi Group Holdings Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	5.32	3.48	1.11	7.25

Huashi Group Holdings (HKSE:01111) 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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Huashi Group Holdings (HKSE:01111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huashi Group Holdings Ltd (HKSE:01111) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase II Shuisheng Keji Yuan, 1st Floor, Block 2 Office Building, 1 Chagang Xincun Dongyuan, Wuchang, Wuhan, CHN

Website

http://www.youmeimu.com

Huashi Group Holdings Ltd is a branding, advertising and marketing service provider based in Hubei Province, the PRC, providing services across the entire value chain from market research through collaboration with research institutes to execution of branding, advertising and marketing projects through collaboration with different media resources suppliers so as to assist brand owners, advertisers and advertising agents in formulating and implementing effective service proposals to fulfill their promotional needs and marketing objectives, thereby further enhancing their brand reputation to targeted recipients, and improving the competitiveness and market share of their products or services.

Executives

Chen Jicheng	2201 Interest of corporation controlled by you
Wang Shujin	2201 Interest of corporation controlled by you
Nie Xing	2201 Interest of corporation controlled by you
Jia Yi Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
Yuan Jin Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
You Xin Zi Ben You Xian Gong Si	2101 Beneficial owner

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