Hephaestus Holdings (HKSE:08173) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Sep. 2023)

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What is Hephaestus Holdings Long-Term Capital Lease Obligation?

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

Hephaestus Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$0.18 Mil) to Jun. 2023 (HK$0.00 Mil) but then stayed the same from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.00 Mil).

Hephaestus Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0.96 Mil) to Mar. 2022 (HK$0.58 Mil) and declined from Mar. 2022 (HK$0.58 Mil) to Mar. 2023 (HK$0.18 Mil).

Hephaestus Holdings Long-Term Capital Lease Obligation Historical Data

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

Hephaestus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.34

0.96

0.58

0.18

Hephaestus Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.38	-	0.18	-	-

Hephaestus Holdings (HKSE:08173) 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.

Hephaestus Holdings Long-Term Capital Lease Obligation Related Terms

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Hephaestus Holdings (HKSE:08173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hephaestus Holdings Ltd (HKSE:08173) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Tung Lo Wan Road, Rooms 1602, 16th floor, Park Commercial Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.hephaestus.com.hk

Hephaestus Holdings Ltd is an investment holding company which is engaged in the provision of interior design and execution services to premises including private residences, corporate offices, service apartments, hotels, residential clubhouses, show flats and sales galleries in Hong Kong. The company operates in single segment focusing on interior design and execution services and derives the majority of the revenue from Hong Kong.

Executives

Hong Kong Jun Tai Ting Investment Company Limited	2101 Beneficial owner
Huang Liang	2202 Interest of your spouse
Ye Huacong	2201 Interest of corporation controlled by you
Xiang Gang Jun Tai Ting Tou Zi You Xian Gong Si	2101 Beneficial owner

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