Jia Yao Holdings (HKSE:01626) Long-Term Capital Lease Obligation : HK$22 Mil (As of Dec. 2023)

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What is Jia Yao Holdings Long-Term Capital Lease Obligation?

Jia Yao Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22 Mil.

Jia Yao Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$7 Mil) to Jun. 2023 (HK$25 Mil) but then declined from Jun. 2023 (HK$25 Mil) to Dec. 2023 (HK$22 Mil).

Jia Yao Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1 Mil) to Dec. 2022 (HK$7 Mil) and increased from Dec. 2022 (HK$7 Mil) to Dec. 2023 (HK$22 Mil).

Jia Yao Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jia Yao 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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Jia Yao Holdings Long-Term Capital Lease Obligation Chart

Jia Yao Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.93

0.14

1.36

6.77

22.07

Jia Yao 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															1.36	2.67	6.77	24.76	22.07

Jia Yao Holdings (HKSE:01626) 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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Jia Yao Holdings (HKSE:01626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jia Yao Holdings Ltd (HKSE:01626) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Number 6 Qingdao Road, Dongshan Economic Developing District, Hubei Province, Yichang, CHN

Website

http://www.jiayaoholdings.com/en

Jia Yao Holdings Ltd is involved in the business of design, printing and sales of paper cigarette packages and social product paper packages. The segments of the group are Paper cigarette packages; Social product paper packages; Electronic cigarettes and Trading goods. It derives key revenue from the Paper cigarette packages segment which involves the design, printing and sale of paper cigarette packages. The company manufactures various types of paper cigarette packages for customers, which can be broadly divided into Hard and soft cigarette packets; Cigarette cartons; and Gift sets designed to pack and carry various sets of cigarette packets. Social product paper packages segment involves the design, printing and sale of packages for alcohol, medicines and food, among others.

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