Asia Grocery Distribution (HKSE:08413) Long-Term Capital Lease Obligation : HK$10.2 Mil (As of Sep. 2023)

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What is Asia Grocery Distribution Long-Term Capital Lease Obligation?

Asia Grocery Distribution's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$10.2 Mil.

Asia Grocery Distribution's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$13.6 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$10.2 Mil).

Asia Grocery Distribution's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$3.9 Mil) to Mar. 2022 (HK$5.3 Mil) and increased from Mar. 2022 (HK$5.3 Mil) to Mar. 2023 (HK$13.6 Mil).

Asia Grocery Distribution Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Grocery Distribution'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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Asia Grocery Distribution Long-Term Capital Lease Obligation Chart

Asia Grocery Distribution Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.22

3.26

3.90

5.31

13.62

Asia Grocery Distribution 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															10.60	-	13.62	-	10.18

Asia Grocery Distribution (HKSE:08413) 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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Asia Grocery Distribution (HKSE:08413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asia Grocery Distribution Ltd (HKSE:08413) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Sze Shan Street, The Whole of Upper Ground Floor, Mai Tong Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.agdl.com.hk

Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, and private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products include food wrap and food related products such as cling film, baking sheet, foil, cleaning products such as detergent, bleach, liquid soap and others such as tissue paper, toothpick and towel, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Korea, Thailand, Malaysia, the United Kingdom, the United States, Spain, France, Turkey, and Italy.

Executives

Chu Man	2202 Interest of your spouse
Sky Alpha Investments Limited	2101 Beneficial owner
Fan Wing	2202 Interest of your spouse
Wong Siu Man	2201 Interest of corporation controlled by you
Wong Siu Wa	2201 Interest of corporation controlled by you

Asia Grocery Distribution (HKSE:08413) Headlines

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