Tsit Wing International Holdings (HKSE:02119) Long-Term Capital Lease Obligation : HK$10.5 Mil (As of Dec. 2023)

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What is Tsit Wing International Holdings Long-Term Capital Lease Obligation?

Tsit Wing International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10.5 Mil.

Tsit Wing International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.7 Mil) to Jun. 2023 (HK$3.0 Mil) but then increased from Jun. 2023 (HK$3.0 Mil) to Dec. 2023 (HK$10.5 Mil).

Tsit Wing International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$13.3 Mil) to Dec. 2022 (HK$4.7 Mil) but then increased from Dec. 2022 (HK$4.7 Mil) to Dec. 2023 (HK$10.5 Mil).

Tsit Wing International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tsit Wing International 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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Tsit Wing International Holdings Long-Term Capital Lease Obligation Chart

Tsit Wing International Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.71

4.94

13.34

4.71

10.52

Tsit Wing International Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	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															13.34	8.49	4.71	3.00	10.52

Tsit Wing International Holdings (HKSE:02119) 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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Tsit Wing International Holdings (HKSE:02119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Tsit Wing International Holdings Ltd (HKSE:02119) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.twcoffee.com

Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.

Executives

Hero Asia Company Limited	2101 Beneficial owner
Li Ying Wah Irene	2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited	2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited	2101 Beneficial owner
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you

Tsit Wing International Holdings (HKSE:02119) Headlines

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