Mi Ming Mart Holdings (HKSE:08473) Long-Term Capital Lease Obligation : HK$5.0 Mil (As of Sep. 2023)

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What is Mi Ming Mart Holdings Long-Term Capital Lease Obligation?

Mi Ming Mart Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$5.0 Mil.

Mi Ming Mart Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$5.2 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$5.0 Mil).

Mi Ming Mart Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$5.6 Mil) to Mar. 2022 (HK$4.7 Mil) but then increased from Mar. 2022 (HK$4.7 Mil) to Mar. 2023 (HK$5.2 Mil).

Mi Ming Mart Holdings Long-Term Capital Lease Obligation Historical Data

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

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.10

5.63

4.66

5.18

Mi Ming Mart 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															2.56	-	5.18	-	5.00

Mi Ming Mart Holdings (HKSE:08473) 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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Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Executives

Prime Era Holdings Limited	2101 Beneficial owner
Lam Yue Yeung Anthony	2202 Interest of your spouse
Yuen Mi Ming Erica	2201 Interest of corporation controlled by you
Ying Ka Kwok Tania	2101 Beneficial owner

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