Kinergy (HKSE:03302) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is Kinergy Long-Term Capital Lease Obligation?

Kinergy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Kinergy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.5 Mil) to Dec. 2022 (HK$0.0 Mil) but then stayed the same from Dec. 2022 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

Kinergy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kinergy'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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Kinergy Long-Term Capital Lease Obligation Chart

Kinergy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.29

5.50

0.50

Kinergy Semi-Annual Data
	Dec15	Dec16	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											0.50	-	-	-	-

Kinergy (HKSE:03302) 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.

Kinergy Long-Term Capital Lease Obligation Related Terms

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Kinergy (HKSE:03302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinergy Corp Ltd (HKSE:03302) » Definitions » Long-Term Capital Lease Obligation

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N/A

Address

1 Changi North Street 1, Lobby 2, Singapore, SGP, 498789

Website

https://www.kinergy.com.sg

Kinergy Corp Ltd is a contract manufacturer specialising in the manufacture of equipment, machines, sub-systems, precision tools, spare parts and components in the semiconductor equipment industry. The company reports three operating segments that are Electronics Manufacturing Services (EMS) for high-mix/low volume sub-systems and equipment, Original Design Manufacturing (ODM) which provides proprietary Kinergy brand of equipment, precision tools, spare parts and Investment division. It derives key revenue from the EMS business. Geographically, the company has a presence in Singapore, the United States, Japan, Mainland China, the Philippines and Other Countries.

Executives

Foo Kaw Jee	2202 Interest of your spouse
Lim Kuak Choi Leslie	2101 Beneficial owner
Lim Kuak Choi Leslie	2101 Beneficial owner
Foo Kaw Jee	2202 Interest of your spouse
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