HKE Holdings (HKSE:01726) Long-Term Capital Lease Obligation : HK$1.82 Mil (As of Dec. 2023)

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What is HKE Holdings Long-Term Capital Lease Obligation?

HKE Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.82 Mil.

HKE Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1.30 Mil) to Jun. 2023 (HK$0.75 Mil) but then increased from Jun. 2023 (HK$0.75 Mil) to Dec. 2023 (HK$1.82 Mil).

HKE Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (HK$0.00 Mil) to Jun. 2022 (HK$2.68 Mil) but then declined from Jun. 2022 (HK$2.68 Mil) to Jun. 2023 (HK$0.75 Mil).

HKE Holdings Long-Term Capital Lease Obligation Historical Data

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

HKE Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.01

2.68

0.75

HKE Holdings Semi-Annual Data
	Jun15	Jun16	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											3.77	2.68	1.30	0.75	1.82

HKE Holdings (HKSE:01726) 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.

HKE Holdings Long-Term Capital Lease Obligation Related Terms

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HKE Holdings (HKSE:01726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HKE Holdings Ltd (HKSE:01726) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Unit 2414-2416, 24/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, HKG

Website

https://www.hwakoon.com

HKE Holdings Ltd is a Singapore-based contractor specializing in the medical and healthcare sectors with expertise in performing radiation shielding works. It mainly provides integrated design and building services for hospitals and clinics in Singapore. The company's three operating segments include (i) the Engineering segment which engaged in the provision of integrated design and building services, maintenance and other services as well as sales of tools and materials; (ii) Fintech platform segment; (iii) Investment holding segment. It generates maximum revenue from the Engineering segment.

Executives

Lin Ho Man	2101 Beneficial owner
Flourish Nation Enterprises Limited	2101 Beneficial owner

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