L K Technology Holdings (HKSE:00558) Long-Term Capital Lease Obligation : HK$9 Mil (As of Sep. 2023)

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What is L K Technology Holdings Long-Term Capital Lease Obligation?

L K Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$9 Mil.

L K Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$7 Mil) to Mar. 2023 (HK$4 Mil) but then increased from Mar. 2023 (HK$4 Mil) to Sep. 2023 (HK$9 Mil).

L K Technology Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$21 Mil) to Mar. 2022 (HK$12 Mil) and declined from Mar. 2022 (HK$12 Mil) to Mar. 2023 (HK$4 Mil).

L K Technology Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for L K Technology 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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L K Technology Holdings Long-Term Capital Lease Obligation Chart

L K Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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25.29

20.57

11.79

4.46

L K Technology Holdings 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															15.79	11.79	7.40	4.46	8.57

L K Technology Holdings (HKSE:00558) 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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L K Technology Holdings (HKSE:00558) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » L K Technology Holdings Ltd (HKSE:00558) » Definitions » Long-Term Capital Lease Obligation

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L5D:Germany

Address

1-7 Wah Sing Street, Unit A, 8th Floor, Mai Wah Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.lk.world

L K Technology Holdings Ltd is an investment holding company. It is principally engaged in the design, manufacture, and sales of the hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerized numerical controlled (CNC) machining centers and related accessories. The company's operating segment includes Die-casting machine; Plastic injection moulding machine and CNC machining centre. It generates maximum revenue from the Die-casting machine segment. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Europe, North America, Central America and South America and Other countries.

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