Hong Kong Ferry (Holdings) Co (HKSE:00050) Long-Term Capital Lease Obligation : HK$2.9 Mil (As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co Long-Term Capital Lease Obligation?

Hong Kong Ferry (Holdings) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.9 Mil.

Hong Kong Ferry (Holdings) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$9.2 Mil) to Jun. 2023 (HK$6.4 Mil) and declined from Jun. 2023 (HK$6.4 Mil) to Dec. 2023 (HK$2.9 Mil).

Hong Kong Ferry (Holdings) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$2.1 Mil) to Dec. 2022 (HK$9.2 Mil) but then declined from Dec. 2022 (HK$9.2 Mil) to Dec. 2023 (HK$2.9 Mil).

Hong Kong Ferry (Holdings) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co'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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Hong Kong Ferry (Holdings) Co Long-Term Capital Lease Obligation Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.59

3.73

2.05

9.22

2.88

Hong Kong Ferry (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.05	13.47	9.22	6.38	2.88

Hong Kong Ferry (Holdings) Co (HKSE:00050) 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.

Hong Kong Ferry (Holdings) Co Long-Term Capital Lease Obligation Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Executives

Lee Shau Kee

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