Vitasoy International Holdings (HKSE:00345) Long-Term Capital Lease Obligation : HK$76 Mil (As of Sep. 2023)

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

Vitasoy International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$76 Mil.

Vitasoy International Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$67 Mil) to Mar. 2023 (HK$52 Mil) but then increased from Mar. 2023 (HK$52 Mil) to Sep. 2023 (HK$76 Mil).

Vitasoy International Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$112 Mil) to Mar. 2022 (HK$91 Mil) and declined from Mar. 2022 (HK$91 Mil) to Mar. 2023 (HK$52 Mil).

Vitasoy International Holdings Long-Term Capital Lease Obligation Historical Data

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

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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153.62

111.85

90.86

51.52

Vitasoy International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															94.20	90.86	66.77	51.52	75.76

Vitasoy International Holdings (HKSE:00345) 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.

Vitasoy International Holdings Long-Term Capital Lease Obligation Related Terms

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Vitasoy International Holdings (HKSE:00345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (HKSE:00345) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VTSYF:USA

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Executives

Mitsubishi Ufj Financial Group, Inc.	2201 Interest of corporation controlled by you
Lo Yau Lai Winston	2101 Beneficial owner
Lo Mo Ling Yvonne	2305 Beneficiary of a trust
Fukuda Keiko Aun	2301 Trustee
Lye Christopher	2301 Trustee
Chan Alexandra	2301 Trustee
Cheung Lo Joy	2301 Trustee
Lo Tak Shing, Peter	2301 Trustee
Chan Irene Lo	2301 Trustee
Lo Kai Tun	2301 Trustee

Vitasoy International Holdings (HKSE:00345) Headlines

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