SY Holdings Group (HKSE:06069) Long-Term Capital Lease Obligation : HK$11 Mil (As of Dec. 2023)

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

SY Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11 Mil.

SY Holdings Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1 Mil) to Jun. 2023 (HK$17 Mil) but then declined from Jun. 2023 (HK$17 Mil) to Dec. 2023 (HK$11 Mil).

SY Holdings Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$5 Mil) to Dec. 2022 (HK$1 Mil) but then increased from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$11 Mil).

SY Holdings Group Long-Term Capital Lease Obligation Historical Data

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

SY Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.19

15.81

4.66

1.41

11.12

SY Holdings Group Semi-Annual Data
	Dec15	Jun16	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												4.66	2.77	1.41	16.69	11.12

SY Holdings Group (HKSE:06069) 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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SY Holdings Group (HKSE:06069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SY Holdings Group Ltd (HKSE:06069) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

1-1 Zhong Xin Number 4 Road, 10/F and 18/F, Kerry Plaza Tower 2, Futian District, Shenzhen, CHN, 518048

Website

https://www.syholdings.com

SY Holdings Group Ltd, formerly Sheng Ye Capital Ltd is a financial services provider, that offers accounts receivable financing and other related solutions in the People's Republic of China. The company also provides factoring and credit assessment services. It earns its revenue from the provision of factoring services, guarantee services, information technology services, consulting services, and other services to customers in the People's Republic of China.

Executives

Tung Chi Fung	2307 Founder of a discretionary trust who can infl
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Tmf (cayman) Ltd.	2301 Trustee
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Xitong International Holdings (hk) Limited	2101 Beneficial owner
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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