LFG Investment Holdings (HKSE:03938) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Sep. 2023)

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What is LFG Investment Holdings Long-Term Capital Lease Obligation?

LFG Investment Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil.

LFG Investment Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$2.88 Mil) to Mar. 2023 (HK$0.24 Mil) and declined from Mar. 2023 (HK$0.24 Mil) to Sep. 2023 (HK$0.00 Mil).

LFG Investment Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$5.74 Mil) to Mar. 2022 (HK$5.50 Mil) and declined from Mar. 2022 (HK$5.50 Mil) to Mar. 2023 (HK$0.24 Mil).

LFG Investment Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for LFG Investment 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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LFG Investment Holdings Long-Term Capital Lease Obligation Chart

LFG Investment Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.29

5.74

5.50

0.24

LFG Investment Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								7.96	5.50	2.88	0.24	-

LFG Investment Holdings (HKSE:03938) 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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LFG Investment Holdings (HKSE:03938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LFG Investment Holdings Ltd (HKSE:03938) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Queen’s Road Central, Room 1601, 16th Floor China Building, Hong Kong, HKG

Website

https://www.legogroup.hk/en/index.php

LFG Investment Holdings Ltd is a financial services provider in Hong Kong, that engages in the provision of corporate finance advisory services; underwriting services; securities dealing and brokerage services; securities financing services; and asset management services. The company generates maximum revenue from Corporate finance advisory services.

Executives

Mui Ho Cheung Gary	2101 Beneficial owner
Ki Sin Yee Cindy
Lego Financial Group Limited	2101 Beneficial owner
Wong Wing Shing	2101 Beneficial owner

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