Ming Yuan Cloud Group Holdings (HKSE:00909) Long-Term Capital Lease Obligation : HK$98 Mil (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings Long-Term Capital Lease Obligation?

Ming Yuan Cloud Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$98 Mil.

Ming Yuan Cloud Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$195 Mil) to Jun. 2023 (HK$121 Mil) and declined from Jun. 2023 (HK$121 Mil) to Dec. 2023 (HK$98 Mil).

Ming Yuan Cloud Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$75 Mil) to Dec. 2022 (HK$195 Mil) but then declined from Dec. 2022 (HK$195 Mil) to Dec. 2023 (HK$98 Mil).

Ming Yuan Cloud Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ming Yuan Cloud 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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Ming Yuan Cloud Group Holdings Long-Term Capital Lease Obligation Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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32.47

40.15

75.45

195.41

98.35

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							75.45	224.09	195.41	120.81	98.35

Ming Yuan Cloud Group Holdings (HKSE:00909) 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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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN

Website

https://www.mingyuanyun.com

Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.

Executives

Tmf (cayman) Ltd.	2301 Trustee
Gao Yu	2307 Founder of a discretionary trust who can infl
Ghtongrui Investment Limited	2101 Beneficial owner
Mytongrui Holdings Limited	2201 Interest of corporation controlled by you
Myc Marvellous Limited	2101 Beneficial owner
Tmf Trust (hk) Limited	2301 Trustee
Jiang Haiyang	2307 Founder of a discretionary trust who can infl
Lingfan Investment Limited	2101 Beneficial owner
Chen Xiaohui	2307 Founder of a discretionary trust who can infl
Mindfree Holdings Limited	2201 Interest of corporation controlled by you
Hengxinyuan Investment Limited	2101 Beneficial owner
Sunshinemorning Holdings Limited	2201 Interest of corporation controlled by you

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