Galadari Hotels (Lanka) (COL:GHLL.N0000) Long-Term Capital Lease Obligation : රු0 Mil (As of Mar. 2024)

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What is Galadari Hotels (Lanka) Long-Term Capital Lease Obligation?

Galadari Hotels (Lanka)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු0 Mil.

Galadari Hotels (Lanka) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Galadari Hotels (Lanka)'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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Galadari Hotels (Lanka) Long-Term Capital Lease Obligation Chart

Galadari Hotels (Lanka) Annual Data

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Long-Term Capital Lease Obligation

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Galadari Hotels (Lanka) Quarterly Data
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Galadari Hotels (Lanka) (COL:GHLL.N0000) 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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Galadari Hotels (Lanka) (COL:GHLL.N0000) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galadari Hotels (Lanka) PLC (COL:GHLL.N0000) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No. 64, Lotus Road, Colombo, LKA, 01

Website

https://www.galadarihotel.lk

Galadari Hotels (Lanka) PLC is involved in the lodging business sector. The principal activity of the company is hoteliering. In terms of revenue, the organization generates income from the sale of rooms and sale of food and beverages. The Food and Beverage sales generate maximum revenue for the company. The hotel provides its services for dining, wedding, accommodation, and meetings. Its service only caters to the Sri Lankan market.

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