Magnificent Hotel Investments (HKSE:00201) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is Magnificent Hotel Investments Long-Term Capital Lease Obligation?

Magnificent Hotel Investments's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Magnificent Hotel Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments Long-Term Capital Lease Obligation Chart

Magnificent Hotel Investments Annual Data

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Long-Term Capital Lease Obligation

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Magnificent Hotel Investments Semi-Annual Data
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Magnificent Hotel Investments (HKSE:00201) 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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Magnificent Hotel Investments (HKSE:00201) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Long-Term Capital Lease Obligation

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Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

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