Lvji Technology Holdings (HKSE:01745) Long-Term Capital Lease Obligation : HK$3.3 Mil (As of Dec. 2023)

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What is Lvji Technology Holdings Long-Term Capital Lease Obligation?

Lvji Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.3 Mil.

Lvji Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$6.0 Mil) to Jun. 2023 (HK$4.1 Mil) and declined from Jun. 2023 (HK$4.1 Mil) to Dec. 2023 (HK$3.3 Mil).

Lvji Technology Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.3 Mil) to Dec. 2022 (HK$6.0 Mil) but then declined from Dec. 2022 (HK$6.0 Mil) to Dec. 2023 (HK$3.3 Mil).

Lvji Technology Holdings Long-Term Capital Lease Obligation Historical Data

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

Lvji Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.84

3.02

0.30

5.98

3.31

Lvji Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.30	0.28	5.98	4.14	3.31

Lvji Technology Holdings (HKSE:01745) 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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Lvji Technology Holdings (HKSE:01745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lvji Technology Holdings Inc (HKSE:01745) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501, 238 Gaotang Road, Tianhe District, Guangzhou, CHN

Website

https://www.lvji.cn

Lvji Technology Holdings Inc is an online tour guide provider. The company deploys software on its cloud system to provide online tour guides with proprietary contents, which include illustrated maps of tourist attractions, editorial contents and voice-over commentaries of points of interest in the tourist attractions and are implemented to include functions such as real time navigation. It generates revenue from sales of online tour guides through OTAs.

Executives

Lu Jia Technology Holdings Limited
Zang Weizhong	2101 Beneficial owner
Mithaq Capital	2201 Interest of corporation controlled by you
Mithaq Capital Spc	2101 Beneficial owner
Mithaq Global	2201 Interest of corporation controlled by you
Zang Weizhong	2101 Beneficial owner
Fan Bao Guo	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Chun Hua Yong Tai Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Dong Ying Ling Long Jin Shan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Ying Chun Hua Zi Xun Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Sunrise Boulevard Investments Limited	2101 Beneficial owner
Fu Zhekuan	2201 Interest of corporation controlled by you
Shen Zhen Shi Qi Fu Zi Ben Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Qian Fu Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Jie Ming Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

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