China Travel International Investment Hong Kong (HKSE:00308) Long-Term Capital Lease Obligation : HK$219 Mil (As of Dec. 2023)

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What is China Travel International Investment Hong Kong Long-Term Capital Lease Obligation?

China Travel International Investment Hong Kong's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$219 Mil.

China Travel International Investment Hong Kong's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$219 Mil) to Jun. 2023 (HK$251 Mil) but then declined from Jun. 2023 (HK$251 Mil) to Dec. 2023 (HK$219 Mil).

China Travel International Investment Hong Kong's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$236 Mil) to Dec. 2022 (HK$219 Mil) and declined from Dec. 2022 (HK$219 Mil) to Dec. 2023 (HK$219 Mil).

China Travel International Investment Hong Kong Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Travel International Investment 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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China Travel International Investment Hong Kong Long-Term Capital Lease Obligation Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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244.81

229.79

235.96

219.28

218.53

China Travel International Investment 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															235.96	253.25	219.28	250.82	218.53

China Travel International Investment Hong Kong (HKSE:00308) 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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China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

Executives

Kwok Hoi Hing	2101 Beneficial owner
Zhong Guo Lv You Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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