YGM Trading (HKSE:00375) Long-Term Capital Lease Obligation : HK$44.8 Mil (As of Sep. 2023)

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What is YGM Trading Long-Term Capital Lease Obligation?

YGM Trading's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$44.8 Mil.

YGM Trading's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$36.2 Mil) to Mar. 2023 (HK$37.1 Mil) and increased from Mar. 2023 (HK$37.1 Mil) to Sep. 2023 (HK$44.8 Mil).

YGM Trading's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$34.0 Mil) to Mar. 2022 (HK$29.3 Mil) but then increased from Mar. 2022 (HK$29.3 Mil) to Mar. 2023 (HK$37.1 Mil).

YGM Trading Long-Term Capital Lease Obligation Historical Data

The historical data trend for YGM Trading'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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YGM Trading Long-Term Capital Lease Obligation Chart

YGM Trading Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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46.97

33.99

29.33

37.13

YGM Trading Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.67	29.33	36.24	37.13	44.78

YGM Trading (HKSE:00375) 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.

YGM Trading Long-Term Capital Lease Obligation Related Terms

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YGM Trading (HKSE:00375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » YGM Trading Ltd (HKSE:00375) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygmtrading.com

YGM Trading Ltd is an investment holding and provision of management service company. The company's operating segments include Sales of garments; Licensing of trademarks; Printing and related services and Property rental. The sales of garments segment of the company is involved in the wholesale and retail of garments; the Printing and related services segment is engaged in the provision of security printing and sale of printed products; Licensing of trademarks segment is engaged in the management and licensing of trademarks for royalty income, and Property rental: leasing of properties to generate rental income. The company generates maximum revenue from the Sales of the garments segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Chan Wing Fui Peter	2101 Beneficial owner
Chan Suk Ling, Shirley	2101 Beneficial owner
Chan Wing Sun
Chan Wing To	2101 Beneficial owner

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