World Super Holdings (HKSE:08612) Long-Term Capital Lease Obligation : HK$0.44 Mil (As of Dec. 2023)

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What is World Super Holdings Long-Term Capital Lease Obligation?

World Super Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.44 Mil.

World Super Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.00 Mil) but then increased from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.44 Mil).

World Super Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.46 Mil) to Dec. 2022 (HK$0.00 Mil) but then increased from Dec. 2022 (HK$0.00 Mil) to Dec. 2023 (HK$0.44 Mil).

World Super Holdings Long-Term Capital Lease Obligation Historical Data

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

World Super Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.65

0.01

0.46

0.44

World Super Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.44

World Super Holdings (HKSE:08612) 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.

World Super Holdings Long-Term Capital Lease Obligation Related Terms

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World Super Holdings (HKSE:08612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » World Super Holdings Ltd (HKSE:08612) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Electric Road, Unit 3403, 34th Floor, AIA Tower, North Point, Hong Kong, HKG

Website

http://www.worldsuperhk.com

World Super Holdings Ltd is an investment holding company mainly engaged in plant hire services. The Company operates its business through different segments. The Plant Hire segment mainly engages in the provision of rental services of crawler cranes, oscillators, reverse circulation drills (RCDs), and hydro mill trench cutters for construction projects. The Trading of Machinery, Tool, and Part segment mainly engages in the trading of new or used crawler cranes, RCDs, trench cutters, oscillators, and related spare parts. The Transportation and Other Service segment mainly engages in the provision of transportation services in delivering the machinery to and from customers' designated sites and other services.

Executives

Chiu Man Chi Vivi	2101 Beneficial owner
Li Haidong	2101 Beneficial owner
Chu Wing Yee	2201 Interest of corporation controlled by you
Bao Han Holdings Limited	2101 Beneficial owner
Sou Peng Kan Albert	2201 Interest of corporation controlled by you
Wen Qingrui	2101 Beneficial owner

World Super Holdings (HKSE:08612) Headlines

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