Golik Holdings (HKSE:01118) Long-Term Capital Lease Obligation : HK$147 Mil (As of Dec. 2023)

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What is Golik Holdings Long-Term Capital Lease Obligation?

Golik Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$147 Mil.

Golik Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$204 Mil) to Jun. 2023 (HK$186 Mil) and declined from Jun. 2023 (HK$186 Mil) to Dec. 2023 (HK$147 Mil).

Golik Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$243 Mil) to Dec. 2022 (HK$204 Mil) and declined from Dec. 2022 (HK$204 Mil) to Dec. 2023 (HK$147 Mil).

Golik Holdings Long-Term Capital Lease Obligation Historical Data

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

Golik Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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218.70

213.81

243.03

203.87

147.25

Golik 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															243.03	218.90	203.87	185.71	147.25

Golik Holdings (HKSE:01118) 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.

Golik Holdings Long-Term Capital Lease Obligation Related Terms

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Golik Holdings (HKSE:01118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Golik Holdings Ltd (HKSE:01118) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

18 Harbour Road, Suite 6505, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.golik.com

Golik Holdings Ltd is involved in the manufacturing, processing, and distribution of steel, metal products, and building construction materials. The operating segments of the group are Metal products and Building Construction Materials. It offers Steel coil processing, steel wires and wire rope products, Concrete products, Construction steel products and processing, and other construction products and Printing materials. The group has a business presence in Hong Kong, Mainland China, Macau, and other countries, of which key revenue is derived from Hong Kong.

Executives

Golik Investments Ltd.
Pang Tak Chung

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