Yoho Group Holdings (HKSE:02347) Long-Term Capital Lease Obligation : HK$20.1 Mil (As of Sep. 2023)

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What is Yoho Group Holdings Long-Term Capital Lease Obligation?

Yoho Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$20.1 Mil.

Yoho Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$21.6 Mil) to Mar. 2023 (HK$22.8 Mil) but then declined from Mar. 2023 (HK$22.8 Mil) to Sep. 2023 (HK$20.1 Mil).

Yoho Group Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$12.7 Mil) to Mar. 2022 (HK$12.7 Mil) and increased from Mar. 2022 (HK$12.7 Mil) to Mar. 2023 (HK$22.8 Mil).

Yoho Group Holdings Long-Term Capital Lease Obligation Historical Data

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

Yoho Group Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.66

9.74

12.71

12.72

22.84

Yoho Group Holdings Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	12.72	21.57	22.84	20.12

Yoho Group Holdings (HKSE:02347) 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.

Yoho Group Holdings Long-Term Capital Lease Obligation Related Terms

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Yoho Group Holdings (HKSE:02347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yoho Group Holdings Ltd (HKSE:02347) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Hung To Road, 9A, Bamboos Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yohohongkong.com

Yoho Group Holdings Ltd is involved in the provision of both online and offline e-commerce retail services and offline wholesale and trading of consumer electronics and home appliances. Geographically the company earns the majority of its revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tsui Ka Wing	2101 Beneficial owner
Wu Faat Chi	2101 Beneficial owner
The Mearas Venture Limited	2101 Beneficial owner
The Wings Venture Limited	2101 Beneficial owner
Beyond I Capital Ltd	2201 Interest of corporation controlled by you
Beyond Ventures I Fund L.p.	2201 Interest of corporation controlled by you
Biz Cloud Investments Limited	2101 Beneficial owner

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