San Miguel Brewery Hong Kong (HKSE:00236) Long-Term Capital Lease Obligation : HK$2.5 Mil (As of Dec. 2023)

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What is San Miguel Brewery Hong Kong Long-Term Capital Lease Obligation?

San Miguel Brewery Hong Kong's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.5 Mil.

San Miguel Brewery Hong Kong's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$2.9 Mil) to Jun. 2023 (HK$2.5 Mil) but then increased from Jun. 2023 (HK$2.5 Mil) to Dec. 2023 (HK$2.5 Mil).

San Miguel Brewery Hong Kong's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$3.3 Mil) to Dec. 2022 (HK$2.9 Mil) and declined from Dec. 2022 (HK$2.9 Mil) to Dec. 2023 (HK$2.5 Mil).

San Miguel Brewery Hong Kong Long-Term Capital Lease Obligation Historical Data

The historical data trend for San Miguel Brewery Hong Kong'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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San Miguel Brewery Hong Kong Long-Term Capital Lease Obligation Chart

San Miguel Brewery Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.04

3.29

2.92

2.53

San Miguel Brewery Hong Kong 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															3.29	2.90	2.92	2.52	2.53

San Miguel Brewery Hong Kong (HKSE:00236) 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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San Miguel Brewery Hong Kong (HKSE:00236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » San Miguel Brewery Hong Kong Ltd (HKSE:00236) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Citimark Building, 28 Yuen Shun Circuit, 9th Floor, Siu Lek Yuen, Shatin, New Territories, Hong Kong, HKG

Website

http://info.sanmiguel.com.hk

San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned and draught beers. Its two reportable segments are 1) The Hong Kong operations comprise of the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas. 2) The Mainland China operations comprise of the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.

Executives

San Miguel Corporation	2201 Interest of corporation controlled by you
San Miguel Food And Beverage, Inc.	2201 Interest of corporation controlled by you
Top Frontier Investment Holdings, Inc.	2201 Interest of corporation controlled by you
Zobel Iñigo	2201 Interest of corporation controlled by you

San Miguel Brewery Hong Kong (HKSE:00236) Headlines

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