Eagle Nice (International) Holdings (HKSE:02368) Long-Term Capital Lease Obligation : HK$1 Mil (As of Sep. 2023)

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What is Eagle Nice (International) Holdings Long-Term Capital Lease Obligation?

Eagle Nice (International) Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1 Mil.

Eagle Nice (International) Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$6 Mil) to Mar. 2023 (HK$1 Mil) and declined from Mar. 2023 (HK$1 Mil) to Sep. 2023 (HK$1 Mil).

Eagle Nice (International) Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$6 Mil) to Mar. 2022 (HK$12 Mil) but then declined from Mar. 2022 (HK$12 Mil) to Mar. 2023 (HK$1 Mil).

Eagle Nice (International) Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eagle Nice (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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Eagle Nice (International) Holdings Long-Term Capital Lease Obligation Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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6.42

5.69

12.10

1.35

Eagle Nice (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															15.45	12.10	6.46	1.35	0.80

Eagle Nice (International) Holdings (HKSE:02368) 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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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Chung Yuk Sing	2101 Beneficial owner
Huang Yongbiao	2101 Beneficial owner
Chen Hsiao Ying	2101 Beneficial owner
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Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you
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