Beisen Holding (HKSE:09669) Long-Term Capital Lease Obligation : HK$7.3 Mil (As of Sep. 2023)

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What is Beisen Holding Long-Term Capital Lease Obligation?

Beisen Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.3 Mil.

Beisen Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$36.2 Mil) to Mar. 2023 (HK$25.4 Mil) and declined from Mar. 2023 (HK$25.4 Mil) to Sep. 2023 (HK$7.3 Mil).

Beisen Holding's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$1.1 Mil) to Mar. 2022 (HK$48.6 Mil) but then declined from Mar. 2022 (HK$48.6 Mil) to Mar. 2023 (HK$25.4 Mil).

Beisen Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beisen Holding'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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Beisen Holding Long-Term Capital Lease Obligation Chart

Beisen Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

23.69

7.89

1.15

48.58

25.41

Beisen Holding Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	48.58	36.18	25.41	7.32

Beisen Holding (HKSE:09669) 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.

Beisen Holding Long-Term Capital Lease Obligation Related Terms

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Beisen Holding (HKSE:09669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beisen Holding Ltd (HKSE:09669) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

U8V:Germany

Address

No. 35 Shangdi East Road, Room 710, Building 1. Block B, Yiquanhui Building, Haidian District, Beijing, CHN

Website

https://www.beisen.com

Beisen Holding Ltd is an investment holding company. The company and its subsidiaries are primarily engaged in providing cloud-based human capital management (HCM) solutions in the People's Republic of China which enables customers to recruit, evaluate, manage, develop, and retain talents efficiently. Its platform iTalentX delivers cloud-native SaaS products, namely cloud-based HCM solutions, for enterprises to recruit, evaluate, manage, and retain talents. Its platform offers a full suite of cloud-based applications covering an organization's HCM needs throughout the entire employee lifecycle.

Executives

Zuo Lingye	2201 Interest of corporation controlled by you
Hangzhou Jingwei Tengchuang Investment Management Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Jingwei Chuangda (hangzhou) Venture Capital Investment L.p.	2101 Beneficial owner
Shanghai Jingwei Equity Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Shanghai Changchuang Investment Management Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Shanghai Chuangji Investment Center L.p.	2101 Beneficial owner
Shanghai Jingsheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tsing Young Holding Limited	2201 Interest of corporation controlled by you
Hong Jing	2201 Interest of corporation controlled by you
Wang Zhaohui	2201 Interest of corporation controlled by you
Ji Weiguo	2101 Beneficial owner
Chuang Xin Zi Ben Xiang Gang You Xian Gong Si	2201 Interest of corporation controlled by you
Shenzhen Capital Group Co., Ltd.	2201 Interest of corporation controlled by you
Scgc Capital Holding Company Limited	2201 Interest of corporation controlled by you
Tianjin Hongshan Juye Equity Investment Partnership (limited Partnership)	2201 Interest of corporation controlled by you

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