Readboy Education Holding Co (HKSE:02385) Long-Term Capital Lease Obligation : HK$2.4 Mil (As of Dec. 2023)

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What is Readboy Education Holding Co Long-Term Capital Lease Obligation?

Readboy Education Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil.

Readboy Education Holding Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.5 Mil) to Jun. 2023 (HK$0.4 Mil) but then increased from Jun. 2023 (HK$0.4 Mil) to Dec. 2023 (HK$2.4 Mil).

Readboy Education Holding Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2.4 Mil) to Dec. 2022 (HK$0.5 Mil) but then increased from Dec. 2022 (HK$0.5 Mil) to Dec. 2023 (HK$2.4 Mil).

Readboy Education Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Readboy Education Holding Co'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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Readboy Education Holding Co Long-Term Capital Lease Obligation Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.37

0.66

2.37

0.55

2.40

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2.37	1.44	0.55	0.35	2.40

Readboy Education Holding Co (HKSE:02385) 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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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Executives

Liu Zhilan	2101 Beneficial owner
Alpine Sky Limited	2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited	2301 Trustee
Kimlan Limited	2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited	2103 Interests held jointly with another person
Qin Shuguang	2201 Interest of corporation controlled by you
Sky Focus Holdings Limited	2103 Interests held jointly with another person
Trade Honour Holdings Limited	2101 Beneficial owner
Chen Zhiyong	2103 Interests held jointly with another person

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