Beijing UBOX Online Technology (HKSE:02429) Long-Term Capital Lease Obligation : HK$12 Mil (As of Dec. 2023)

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What is Beijing UBOX Online Technology Long-Term Capital Lease Obligation?

Beijing UBOX Online Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12 Mil.

Beijing UBOX Online Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$24 Mil) to Jun. 2023 (HK$16 Mil) and declined from Jun. 2023 (HK$16 Mil) to Dec. 2023 (HK$12 Mil).

Beijing UBOX Online Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$50 Mil) to Dec. 2022 (HK$24 Mil) and declined from Dec. 2022 (HK$24 Mil) to Dec. 2023 (HK$12 Mil).

Beijing UBOX Online Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beijing UBOX Online Technology'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.

* Premium members only.

Beijing UBOX Online Technology Long-Term Capital Lease Obligation Chart

Beijing UBOX Online Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

216.18

133.19

50.23

23.77

12.24

Beijing UBOX Online Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			50.23	-	23.77	16.14	12.24

Beijing UBOX Online Technology (HKSE:02429) 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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Beijing UBOX Online Technology (HKSE:02429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing UBOX Online Technology Corp (HKSE:02429) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN

Website

https://www.uboxol.com

Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.

Beijing UBOX Online Technology (HKSE:02429) Headlines

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