Hung Fook Tong Group Holdings (HKSE:01446) Long-Term Capital Lease Obligation : HK$72.9 Mil (As of Dec. 2023)

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What is Hung Fook Tong Group Holdings Long-Term Capital Lease Obligation?

Hung Fook Tong Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$72.9 Mil.

Hung Fook Tong Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$55.9 Mil) to Jun. 2023 (HK$69.1 Mil) and increased from Jun. 2023 (HK$69.1 Mil) to Dec. 2023 (HK$72.9 Mil).

Hung Fook Tong Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$59.0 Mil) to Dec. 2022 (HK$55.9 Mil) but then increased from Dec. 2022 (HK$55.9 Mil) to Dec. 2023 (HK$72.9 Mil).

Hung Fook Tong Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hung Fook Tong 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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Hung Fook Tong Group Holdings Long-Term Capital Lease Obligation Chart

Hung Fook Tong Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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71.12

81.08

59.03

55.93

72.93

Hung Fook Tong Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															59.03	48.74	55.93	69.12	72.93

Hung Fook Tong Group Holdings (HKSE:01446) 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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Hung Fook Tong Group Holdings (HKSE:01446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Hung Fook Tong Group Holdings Ltd (HKSE:01446) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Dai King Street, Tai Po Industrial Estate, New Territories, Tai Po, Hong Kong, HKG

Website

https://www.hungfooktong.com

Hung Fook Tong Group Holdings Ltd is engaged in the production and sales of Chinese herbal drinks and other drink products, Chinese-style soups, herbal tortoise plastron jelly, and other food products under the Hung Fook Tong brand. Its segments include Hong Kong Retail and Wholesale. It derives the majority of its revenue from Hong Kong Retail segment with a presence in PRC, Hong Kong, and Overseas Countries.

Executives

Tse Po Tat	2201 Interest of corporation controlled by you
Wong Pui Chu	2201 Interest of corporation controlled by you
Prestigious Time Limited	2103 Interests held jointly with another person
Think Expert Investments Limited	2103 Interests held jointly with another person
Yitao Investments Limited	2103 Interests held jointly with another person
Chan Suk Hing Comita	2202 Interest of your spouse
Kwan Chan Lai Lai	2202 Interest of your spouse
Kwan Wang Yung

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