International Genius Co (HKSE:00033) Long-Term Capital Lease Obligation : HK$17.4 Mil (As of Dec. 2023)

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What is International Genius Co Long-Term Capital Lease Obligation?

International Genius Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17.4 Mil.

International Genius Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$3.9 Mil) to Jun. 2023 (HK$24.3 Mil) but then declined from Jun. 2023 (HK$24.3 Mil) to Dec. 2023 (HK$17.4 Mil).

International Genius Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2019 (HK$0.0 Mil) to Jun. 2022 (HK$0.0 Mil) but then increased from Jun. 2022 (HK$0.0 Mil) to Jun. 2023 (HK$24.3 Mil).

International Genius Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Genius 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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International Genius Co Long-Term Capital Lease Obligation Chart

International Genius Co Annual Data

Trend

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Jun23

Long-Term Capital Lease Obligation

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24.28

International Genius Co Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.38	-	3.89	24.28	17.41

International Genius Co (HKSE:00033) 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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International Genius Co (HKSE:00033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » International Genius Co (HKSE:00033) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

183 Queen's Road Central, Unit Nos 4202-05,42nd Floor, Cosco Tower, Hong Kong, HKG

Website

https://www.geniusi.com

International Genius Co, is an investment holding company mainly engaged in the trading of party products. The Company operates its business through six segments. The Party Products Trading segment is mainly engaged in the trading of party products. The Securities Brokerage and Asset Management segment is mainly engaged in the provision of securities brokerage and asset management services. The Lending Business segment is mainly engaged in the Provision of lending services. The Metals and Minerals Trading segment is engaged in metals and minerals trading. The Credit Guarantee Service and Investment Business segment are engaged in the credit guarantee service and investment business. The majority of revenue is generated from Securities brokerage and assets management.

Executives

Neo Tech Inc.	2201 Interest of corporation controlled by you
Ng Yu	2201 Interest of corporation controlled by you
Internet Finance Investment Co. Ltd	2101 Beneficial owner
Cheung Kwan	2101 Beneficial owner
Internet Finance Investment Company Limited	2101 Beneficial owner

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