CM Hi-Tech Cleanroom (HKSE:02115) Long-Term Capital Lease Obligation : HK$3.7 Mil (As of Dec. 2023)

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What is CM Hi-Tech Cleanroom Long-Term Capital Lease Obligation?

CM Hi-Tech Cleanroom's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.7 Mil.

CM Hi-Tech Cleanroom's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1.2 Mil) to Jun. 2023 (HK$0.9 Mil) but then increased from Jun. 2023 (HK$0.9 Mil) to Dec. 2023 (HK$3.7 Mil).

CM Hi-Tech Cleanroom's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.9 Mil) to Dec. 2022 (HK$1.2 Mil) and increased from Dec. 2022 (HK$1.2 Mil) to Dec. 2023 (HK$3.7 Mil).

CM Hi-Tech Cleanroom Long-Term Capital Lease Obligation Historical Data

The historical data trend for CM Hi-Tech Cleanroom'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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CM Hi-Tech Cleanroom Long-Term Capital Lease Obligation Chart

CM Hi-Tech Cleanroom Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.64

1.27

0.94

1.15

3.66

CM Hi-Tech Cleanroom Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.94	1.45	1.15	0.90	3.66

CM Hi-Tech Cleanroom (HKSE:02115) 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.

CM Hi-Tech Cleanroom Long-Term Capital Lease Obligation Related Terms

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CM Hi-Tech Cleanroom (HKSE:02115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CM Hi-Tech Cleanroom Ltd (HKSE:02115) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot P.T. 14274, Jalan SU8, Persiaran Tengku Ampuan, Shah Alam, SGR, MYS, 40400

Website

https://www.channelmicron.com

CM Hi-Tech Cleanroom Ltd Formerly Channel Micron Holdings Co Ltd is a cleanroom wall and ceiling systems and cleanroom equipment provider. The company provides a range of cleanroom products and services, including the development, production and installation of cleanroom wall and ceiling systems, and cleanroom equipment such as fan filter units (which filter and regulate airflow in a cleanroom), air showers, pass boxes and HEPA filters. Its segments include Cleanroom wall and ceiling systems, which is the key revenue-generating segment; Cleanroom equipment; and others. It has a business presence in the PRC, Malaysia, the Philippines, Singapore and others. A majority of revenue is derived from the PRC.

Executives

Ng Yew Sum	2101 Beneficial owner
Bockmiller Douglas Frederick	2101 Beneficial owner
Chia Francis Mong Tet	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
Bockmiller Lauren Lindquist	2307 Founder of a discretionary trust who can infl
Yap Fui Lee	2202 Interest of your spouse
Chia Mong Tet, Francis	2101 Beneficial owner
Yau Ah Lan	2202 Interest of your spouse

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