Sino Splendid Holdings (HKSE:08006) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is Sino Splendid Holdings Long-Term Capital Lease Obligation?

Sino Splendid Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Sino Splendid Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.12 Mil) to Dec. 2022 (HK$0.00 Mil) but then stayed the same from Dec. 2022 (HK$0.00 Mil) to Dec. 2023 (HK$0.00 Mil).

Sino Splendid Holdings Long-Term Capital Lease Obligation Historical Data

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

Sino Splendid Holdings Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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4.16

0.18

0.12

Sino Splendid Holdings Quarterly Data
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Sino Splendid Holdings (HKSE:08006) 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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Sino Splendid Holdings (HKSE:08006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sino Splendid Holdings Ltd (HKSE:08006) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower, Unit 2302, 23rd Floor, Sheung Wan, Hong Kong, HKG

Website

http://www.sinosplendid.com

Sino Splendid Holdings Ltd is an investment holding company. The group is principally engaged in travel media operations with the provision of advertising services through internet and travel magazines, event organizing services, and magazine publication; provision of contents and advertising services in a financial magazine distributed in the People's Republic of China and investment in securities and money lending. The company operates in five segments namely travel media business; financial magazine business; securities investment; money lending; and virtual reality. It derives revenue from travel media business that provides advertising services through the internet and travel magazines, event organizing services, and magazine publication.

Executives

Niu Chengjun

2101 Beneficial owner

Sino Splendid Holdings (HKSE:08006) Headlines

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