SU Group Holdings (SU Group Holdings) Long-Term Capital Lease Obligation : $0.01 Mil (As of Sep. 2023)

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What is SU Group Holdings Long-Term Capital Lease Obligation?

SU Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.01 Mil.

SU Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.01 Mil) to Mar. 2023 ($0.06 Mil) but then declined from Mar. 2023 ($0.06 Mil) to Sep. 2023 ($0.01 Mil).

SU Group Holdings's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($0.01 Mil) to Sep. 2022 ($0.01 Mil) but then increased from Sep. 2022 ($0.01 Mil) to Sep. 2023 ($0.01 Mil).

SU Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for SU Group 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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SU Group Holdings Long-Term Capital Lease Obligation Chart

SU Group Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.01

SU Group Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	0.01	-	0.01	0.06	0.01

SU Group Holdings (NAS:SUGP) 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.

SU Group Holdings Long-Term Capital Lease Obligation Related Terms

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SU Group Holdings (SU Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SU Group Holdings Ltd (NAS:SUGP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Hung To Road, Unit 01 – 03, 3/F, Billion Trade Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.sugroup.com.hk

SU Group Holdings Ltd and its subsidiaries is an integrated security-related services company that primarily provides security-related engineering services, and to a lesser extent, security guarding and screening services and related vocational training services, in Hong Kong.

SU Group Holdings (SU Group Holdings) Headlines

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