Asia Commercial Holdings (HKSE:00104) Long-Term Capital Lease Obligation : HK$28.9 Mil (As of Sep. 2023)

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What is Asia Commercial Holdings Long-Term Capital Lease Obligation?

Asia Commercial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$28.9 Mil.

Asia Commercial Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$42.0 Mil) to Mar. 2023 (HK$35.2 Mil) and declined from Mar. 2023 (HK$35.2 Mil) to Sep. 2023 (HK$28.9 Mil).

Asia Commercial Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$27.7 Mil) to Mar. 2022 (HK$57.5 Mil) but then declined from Mar. 2022 (HK$57.5 Mil) to Mar. 2023 (HK$35.2 Mil).

Asia Commercial Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Commercial 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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Asia Commercial Holdings Long-Term Capital Lease Obligation Chart

Asia Commercial Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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95.85

27.69

57.50

35.21

Asia Commercial 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															21.43	57.50	41.98	35.21	28.85

Asia Commercial Holdings (HKSE:00104) 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.

Asia Commercial Holdings Long-Term Capital Lease Obligation Related Terms

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Asia Commercial Holdings (HKSE:00104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asia Commercial Holdings Ltd (HKSE:00104) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG

Website

http://www.asiacommercialholdings.com

Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. The company currently operates in The People's Republic of China, United Kingdom, Hong Kong, and Switzerland out of which PRC generates the maximum revenue for the company.

Executives

Lam Kim Phung	2101 Beneficial owner
Century Hero International Limited	2101 Beneficial owner
Goodideal Industrial Limited	2101 Beneficial owner
Eav Yin	2101 Beneficial owner
Chanchhaya Trustee Holding Corporation
Covenhills Limited

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