JTF International Holdings (HKSE:09689) Long-Term Capital Lease Obligation : HK$4 Mil (As of Jun. 2023)

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What is JTF International Holdings Long-Term Capital Lease Obligation?

JTF International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$4 Mil.

JTF International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4 Mil) to Mar. 2023 (HK$0 Mil) but then increased from Mar. 2023 (HK$0 Mil) to Jun. 2023 (HK$4 Mil).

JTF International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$5 Mil) to Dec. 2022 (HK$4 Mil) and declined from Dec. 2022 (HK$4 Mil) to Dec. 2023 (HK$4 Mil).

JTF International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for JTF International 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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JTF International Holdings Long-Term Capital Lease Obligation Chart

JTF International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.91

5.22

4.96

4.11

3.60

JTF International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	4.11	-	3.71	3.60

JTF International Holdings (HKSE:09689) 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.

JTF International Holdings Long-Term Capital Lease Obligation Related Terms

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JTF International Holdings (HKSE:09689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » JTF International Holdings Ltd (HKSE:09689) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Yanjiang Road, Shazhuang Tujiang Village, Shitan Town, Zengcheng District, Guangdong Province, Guangzhou, CHN

Website

https://www.jtfoil.com

JTF International Holdings Ltd is an investment holding company. It is engaged in the blending and sale of fuel oil, refined oil, and other petrochemicals in China. Its products are primarily used as fuels in marine vessels, vehicles, & machinery equipment, for retail sale at gas stations, and as raw materials for oil refineries. It generates the majority of its revenue from the sale of refined oil.

Executives

Xu Yayi	2201 Interest of corporation controlled by you
Kang Shi Tou Zi You Xian Gong Si	2101 Beneficial owner
Huang Sizhen	2202 Interest of your spouse
Xu Ziming	2201 Interest of corporation controlled by you
Choi Sio Peng	2201 Interest of corporation controlled by you
Xing Ming You Xian Gong Si	2101 Beneficial owner

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