Gain Plus Holdings (HKSE:09900) Long-Term Capital Lease Obligation : HK$0 Mil (As of Sep. 2023)

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What is Gain Plus Holdings Long-Term Capital Lease Obligation?

Gain Plus Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0 Mil.

Gain Plus Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (HK$0 Mil) to Mar. 2023 (HK$0 Mil) but then increased from Mar. 2023 (HK$0 Mil) to Sep. 2023 (HK$0 Mil).

Gain Plus Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0 Mil) to Mar. 2022 (HK$0 Mil) but then stayed the same from Mar. 2022 (HK$0 Mil) to Mar. 2023 (HK$0 Mil).

Gain Plus Holdings Long-Term Capital Lease Obligation Historical Data

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

Gain Plus Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.65

0.24

0.02

Gain Plus Holdings Semi-Annual Data
	Mar16	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										0.14	-	-	-	0.15

Gain Plus Holdings (HKSE:09900) 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.

Gain Plus Holdings Long-Term Capital Lease Obligation Related Terms

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Gain Plus Holdings (HKSE:09900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gain Plus Holdings Ltd (HKSE:09900) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

39 Lung Sum Avenue, Unit 1323A, Level 13, Landmark North, Sheung Shui, The New Territories, Hong Kong, HKG

Website

https://www.doublegain.hk

Gain Plus Holdings Ltd is a construction contractor company. The company is engaged in the provision of building construction services and repair, maintenance, addition, and alteration services (RMAA). The services undertaken by main contractors and subcontractors include site investigation, demolition, structural alternation, and additional work. In addition, its RMAA services of the company comprise general upkeep, restoration, and renovation of existing facilities and components of buildings and surroundings, and services consisting of civil works for new buildings such as lift towers, soccer fields, and walkways. The company earns the majority of its revenue from the provision of RMAA Services.

Executives

Universe King International Investment Limited	2101 Beneficial owner
Leung Wai Ling	2202 Interest of your spouse
Tsang Chiu Kwan	2201 Interest of corporation controlled by you
Giant Winchain Limited
Lai Wai Lam Ricky
Chu Siu Ping

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