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Fovea Jewelry Holdings (Fovea Jewelry Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2022)


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What is Fovea Jewelry Holdings Long-Term Capital Lease Obligation?

Fovea Jewelry Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.00 Mil.


Fovea Jewelry Holdings Long-Term Capital Lease Obligation Historical Data

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

Fovea Jewelry Holdings Annual Data
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Fovea Jewelry Holdings Quarterly Data
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Fovea Jewelry Holdings  (OTCPK:FJHL) 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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Fovea Jewelry Holdings (Fovea Jewelry Holdings) Business Description

Traded in Other Exchanges
N/A
Address
22-26A Austin Avenue, Room 403, 4th Floor, Phase 1 Austin Tower, Tsim Sha Tsui, Hong Kong, HKG
Fovea Jewelry Holdings Ltd is engaged in designing and selling jewellery products under the name Fovea Jewellery. The company provides services such as Polishing and cleaning services, Pairing, Engraving, Re-sizing, Restoration, and Styling of Jewellery.

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