Matrix Holdings (HKSE:01005) Long-Term Capital Lease Obligation : HK$36.3 Mil (As of Jun. 2023)

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What is Matrix Holdings Long-Term Capital Lease Obligation?

Matrix Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$36.3 Mil.

Matrix Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$51.7 Mil) to Dec. 2022 (HK$44.1 Mil) and declined from Dec. 2022 (HK$44.1 Mil) to Jun. 2023 (HK$36.3 Mil).

Matrix Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$63.6 Mil) to Dec. 2021 (HK$60.5 Mil) and declined from Dec. 2021 (HK$60.5 Mil) to Dec. 2022 (HK$44.1 Mil).

Matrix Holdings Long-Term Capital Lease Obligation Historical Data

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

Matrix Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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66.66

63.61

60.49

44.14

Matrix Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															59.98	60.49	51.74	44.14	36.34

Matrix Holdings (HKSE:01005) 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.

Matrix Holdings Long-Term Capital Lease Obligation Related Terms

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Matrix Holdings (HKSE:01005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Matrix Holdings Ltd (HKSE:01005) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Chatham Road South, Unit 01, Suite 1001, 10th Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.matrix.hk.com

Matrix Holdings Ltd, an investment holding company, manufactures and trades in toys and lighting products. It offers plastic, die-cast, and plush toys. The business activity of the group functions through the United States, Europe, Mexico, Canada, South America, Australia, New Zealand, and internationally from which it derives the majority of revenue from the United States. Manufacturing services offered by the group include design, prototyping, molding, product validation, multi-skilled manufacturing, general assembly, and packaging. The activities of the group are reported under single segment being manufacturing and trading of toys and lighting products.

Executives

Smart Forest Limited	2101 Beneficial owner
Cheng Yung Pun	2201 Interest of corporation controlled by you

Matrix Holdings (HKSE:01005) Headlines

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