Cherish Sunshine International (HKSE:01094) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Sep. 2023)

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What is Cherish Sunshine International Long-Term Capital Lease Obligation?

Cherish Sunshine International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.1 Mil.

Cherish Sunshine International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$0.7 Mil) to Mar. 2023 (HK$0.3 Mil) and declined from Mar. 2023 (HK$0.3 Mil) to Sep. 2023 (HK$0.1 Mil).

Cherish Sunshine International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$0.0 Mil) and increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.3 Mil).

Cherish Sunshine International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cherish Sunshine International'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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Cherish Sunshine International Long-Term Capital Lease Obligation Chart

Cherish Sunshine International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

Long-Term Capital Lease Obligation

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3.71

1.55

0.04

0.26

Cherish Sunshine International Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.47	-	0.69	0.26	0.07

Cherish Sunshine International (HKSE:01094) 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.

Cherish Sunshine International Long-Term Capital Lease Obligation Related Terms

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Cherish Sunshine International (HKSE:01094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Cherish Sunshine International Ltd (HKSE:01094) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1818–2 Wenyi West Road, Yuhang Street, Unit 109–14, Block 1, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

http://www.sunshine1094.com

Cherish Sunshine International Ltd is a provider of one-stop integrated procurement service solutions in China. Its segments are the provision of procurement services, trading business, provision of corporate IT solutions, rental income, and energy management contracting business. The majority of the revenue derives from the trading segment which engaged in the Trading of general goods.

Executives

Eastmount Global Limited	2101 Beneficial owner
Liu Luoxiu	2307 Founder of a discretionary trust who can infl
Wu Siyuan	2501 Other
Trident Trust Company (singapore) Pte Limited	2301 Trustee
Jiang Xi Yin Xing Gu Fen You Xian Gong Si	2106 Person having a security interest in shares

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