OKG Technology Holdings (HKSE:01499) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Sep. 2023)

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What is OKG Technology Holdings Long-Term Capital Lease Obligation?

OKG Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.1 Mil.

OKG Technology Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$3.8 Mil) to Mar. 2023 (HK$1.7 Mil) and declined from Mar. 2023 (HK$1.7 Mil) to Sep. 2023 (HK$0.1 Mil).

OKG Technology Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$6.1 Mil) but then declined from Mar. 2022 (HK$6.1 Mil) to Mar. 2023 (HK$1.7 Mil).

OKG Technology Holdings Long-Term Capital Lease Obligation Historical Data

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

OKG Technology Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.15

12.05

6.13

1.69

OKG Technology Holdings Semi-Annual Data
	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														4.17	6.13	3.77	1.69	0.06

OKG Technology Holdings (HKSE:01499) 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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OKG Technology Holdings (HKSE:01499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » OKG Technology Holdings Ltd (HKSE:01499) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Unit 902-903, 9th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.okg.com.hk

OKG Technology Holdings Ltd provides engineering and building services to the construction sector. The company's operating segment includes Construction waste handling services; Foundation, building construction works and ancillary services; Technical services; Digital assets related businesses; and Other businesses. It generates maximum revenue from the Foundation, building construction works, and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Okc Holdings Corporation	2101 Beneficial owner
Xu Mingxing	2201 Interest of corporation controlled by you

OKG Technology Holdings (HKSE:01499) Headlines

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