SG Group Holdings (HKSE:01657) Long-Term Capital Lease Obligation : HK$1.6 Mil (As of Oct. 2023)

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

SG Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$1.6 Mil.

SG Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Oct. 2022 (HK$1.0 Mil) to Apr. 2023 (HK$0.0 Mil) but then increased from Apr. 2023 (HK$0.0 Mil) to Oct. 2023 (HK$1.6 Mil).

SG Group Holdings's annual Long-Term Capital Lease Obligation declined from Apr. 2021 (HK$1.5 Mil) to Apr. 2022 (HK$1.3 Mil) and declined from Apr. 2022 (HK$1.3 Mil) to Apr. 2023 (HK$0.0 Mil).

SG Group Holdings Long-Term Capital Lease Obligation Historical Data

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

SG Group Holdings Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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1.59

1.51

1.26

SG Group Holdings Semi-Annual Data
	Apr15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												1.41	1.26	1.02	-	1.61

SG Group Holdings (HKSE:01657) 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.

SG Group Holdings Long-Term Capital Lease Obligation Related Terms

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SG Group Holdings (HKSE:01657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » SG Group Holdings Ltd (HKSE:01657) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7 Wah Sing Street, Unit B, 9th Floor, Mai Wah Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.jcfash.com

SG Group Holdings Ltd is an investment holding company. The company's operating segment includes Supply of Apparel Products and Consultation Services. The company generates maximum revenue from the Supply of Apparel Products segment which is engaged in the supply of apparel products with designing and sourcing services to fashion retailers. The company earns revenue from Womenswear, Childrenswear, and Menswear products. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the PRC, Germany, the United States of America, Hong Kong, Ireland, the Middle East, and Other Countries.

Executives

Choi King Ting Charles	2101 Beneficial owner
Jc Fashion International Group Limited	2101 Beneficial owner

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