China Oral Industry Group Holdings (HKSE:08406) Long-Term Capital Lease Obligation : HK$10.2 Mil (As of Dec. 2023)

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What is China Oral Industry Group Holdings Long-Term Capital Lease Obligation?

China Oral Industry Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10.2 Mil.

China Oral Industry Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$10.2 Mil) to Sep. 2023 (HK$0.0 Mil) but then increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$10.2 Mil).

China Oral Industry Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$19.6 Mil) to Dec. 2022 (HK$12.6 Mil) and declined from Dec. 2022 (HK$12.6 Mil) to Dec. 2023 (HK$10.2 Mil).

China Oral Industry Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Oral Industry 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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China Oral Industry Group Holdings Long-Term Capital Lease Obligation Chart

China Oral Industry Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.81

22.30

19.60

12.62

10.18

China Oral Industry Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.62	-	10.23	-	10.18

China Oral Industry Group Holdings (HKSE:08406) 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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China Oral Industry Group Holdings (HKSE:08406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Oral Industry Group Holdings Ltd (HKSE:08406) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

348 Kwun Tong Road, 5th floor, Manulife Place, Kowloon, Hong Kong, HKG

Website

https://www.chinaoral.co

China Oral Industry Group Holdings Ltd is principally engaged in the manufacturing and sales of inflatable products and related accessories. Some of its products are air blowers, mini inflatable playgrounds, inflatable tents, inflatable ball pools, polyvinyl chloride (PVC) laminated oxford, plastic nails, and other accessories. The company generates revenue from customers located in China, Europe, Australia and Oceania, North America, Asia, and Central and South America.

Executives

Risen Thrive Limited	2101 Beneficial owner
Yan Ping	2201 Interest of corporation controlled by you

China Oral Industry Group Holdings (HKSE:08406) Headlines

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