Hing Ming Holdings (HKSE:08425) Long-Term Capital Lease Obligation : HK$1.4 Mil (As of Sep. 2023)

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What is Hing Ming Holdings Long-Term Capital Lease Obligation?

Hing Ming Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.4 Mil.

Hing Ming Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$3.6 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$1.4 Mil).

Hing Ming Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$6.2 Mil) but then declined from Mar. 2022 (HK$6.2 Mil) to Mar. 2023 (HK$3.6 Mil).

Hing Ming Holdings Long-Term Capital Lease Obligation Historical Data

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

Hing Ming Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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7.18

3.28

6.19

3.58

Hing Ming 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															2.63	-	3.58	-	1.36

Hing Ming Holdings (HKSE:08425) 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.

Hing Ming Holdings Long-Term Capital Lease Obligation Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hing Ming Holdings Ltd (HKSE:08425) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG

Website

http://www.hing-ming.com

Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Executives

Leong Cho Mui	2106 Person having a security interest in shares
Hing Gut Limited	2101 Beneficial owner
Au Fung Yee	2202 Interest of your spouse
Tang Hing Keung	2201 Interest of corporation controlled by you
Lee Yu Leung	2101 Beneficial owner
Woo Lan Ying	2101 Beneficial owner
Lu Zhaoqing
Yang Gang

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