Infinity Logistics And Transport Ventures (HKSE:01442) Long-Term Capital Lease Obligation : HK$123.7 Mil (As of Dec. 2023)

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What is Infinity Logistics And Transport Ventures Long-Term Capital Lease Obligation?

Infinity Logistics And Transport Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$123.7 Mil.

Infinity Logistics And Transport Ventures's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$154.4 Mil) to Jun. 2023 (HK$144.9 Mil) and declined from Jun. 2023 (HK$144.9 Mil) to Dec. 2023 (HK$123.7 Mil).

Infinity Logistics And Transport Ventures's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$61.9 Mil) to Dec. 2022 (HK$154.4 Mil) but then declined from Dec. 2022 (HK$154.4 Mil) to Dec. 2023 (HK$123.7 Mil).

Infinity Logistics And Transport Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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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Infinity Logistics And Transport Ventures Long-Term Capital Lease Obligation Chart

Infinity Logistics And Transport Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.18

43.87

61.93

154.44

123.75

Infinity Logistics And Transport Ventures Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									61.93	149.86	154.44	144.91	123.75

Infinity Logistics And Transport Ventures (HKSE:01442) 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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Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200

Website

https://www.infinity.com.my

Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.

Executives

2926 Holdings Limited	2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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