i-Control Holdings (HKSE:01402) Long-Term Capital Lease Obligation : HK$1.0 Mil (As of Sep. 2023)

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What is i-Control Holdings Long-Term Capital Lease Obligation?

i-Control Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.0 Mil.

i-Control Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.1 Mil) and increased from Mar. 2023 (HK$0.1 Mil) to Sep. 2023 (HK$1.0 Mil).

i-Control Holdings's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$0.0 Mil) but then increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.1 Mil).

i-Control Holdings Long-Term Capital Lease Obligation Historical Data

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

i-Control Holdings Annual Data

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Long-Term Capital Lease Obligation

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0.13

i-Control 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															-	-	-	0.13	0.97

i-Control Holdings (HKSE:01402) 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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i-Control Holdings (HKSE:01402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » i-Control Holdings Ltd (HKSE:01402) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Units A&B, 133 Hoi Bun Road, 12th Floor, MG Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.i-controlholdings.com

i-Control Holdings Ltd operates in the video conferencing and multimedia audiovisual (VCMA) solution industry. The company's operating segment includes Provision of VCMA solution and maintenance services and Provision of cloud-based IT+OT managed services. It generates maximum revenue from the Provision of VCMA solution and maintenance services segment. It has a business presence in Hong Kong, the PRC, and Macau, of which a majority of revenue is generated from Hong Kong.

Executives

Phoenix Time Holdings Limited	2101 Beneficial owner
Knight Sky Holdings Ltd.	2201 Interest of corporation controlled by you
Chen Minling	2202 Interest of your spouse
Zhong Naixiong	2201 Interest of corporation controlled by you
Wong King Keung	2201 Interest of corporation controlled by you
Wong Lau Sau Yee Angeli	2202 Interest of your spouse
Cheng Kai Ming, Charles	2201 Interest of corporation controlled by you
Chim Mei Hing	2202 Interest of your spouse
Luxurious Bay Capital Limited	2101 Beneficial owner
Newmark Group Limited	2201 Interest of corporation controlled by you

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