Mainland Headwear Holdings (HKSE:01100) Long-Term Capital Lease Obligation : HK$41 Mil (As of Dec. 2023)

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What is Mainland Headwear Holdings Long-Term Capital Lease Obligation?

Mainland Headwear Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$41 Mil.

Mainland Headwear Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$55 Mil) to Jun. 2023 (HK$48 Mil) and declined from Jun. 2023 (HK$48 Mil) to Dec. 2023 (HK$41 Mil).

Mainland Headwear Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$24 Mil) to Dec. 2022 (HK$55 Mil) but then declined from Dec. 2022 (HK$55 Mil) to Dec. 2023 (HK$41 Mil).

Mainland Headwear Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mainland Headwear 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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Mainland Headwear Holdings Long-Term Capital Lease Obligation Chart

Mainland Headwear Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.58

27.37

23.54

54.74

41.18

Mainland Headwear Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.54	52.72	54.74	47.88	41.18

Mainland Headwear Holdings (HKSE:01100) 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.

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Mainland Headwear Holdings (HKSE:01100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mainland Headwear Holdings Ltd (HKSE:01100) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.mainland.com.hk

Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

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