SmarTone Telecommunications Holdings (HKSE:00315) Long-Term Capital Lease Obligation : HK$263 Mil (As of Dec. 2023)

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What is SmarTone Telecommunications Holdings Long-Term Capital Lease Obligation?

SmarTone Telecommunications Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$263 Mil.

SmarTone Telecommunications Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$272 Mil) to Jun. 2023 (HK$255 Mil) but then increased from Jun. 2023 (HK$255 Mil) to Dec. 2023 (HK$263 Mil).

SmarTone Telecommunications Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$351 Mil) to Jun. 2022 (HK$329 Mil) and declined from Jun. 2022 (HK$329 Mil) to Jun. 2023 (HK$255 Mil).

SmarTone Telecommunications Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for SmarTone Telecommunications 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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SmarTone Telecommunications Holdings Long-Term Capital Lease Obligation Chart

SmarTone Telecommunications Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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331.54

351.47

328.52

254.91

SmarTone Telecommunications Holdings 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															325.80	328.52	271.58	254.91	263.15

SmarTone Telecommunications Holdings (HKSE:00315) 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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SmarTone Telecommunications Holdings (HKSE:00315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » SmarTone Telecommunications Holdings Ltd (HKSE:00315) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SMA:Germany

Address

378 Kwun Tong Road, 31st Floor, Millennium City 2, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.smartoneholdings.com

SmarTone Telecommunications Holdings Ltd provides mobile and broadband services for household and corporate customers. The majority of overall company revenue comes from selling handsets and associated accessories. Most of the group's customers are post-paid. The company operates through two main segments, Hong Kong and Macau, with Hong Kong representing the majority of revenue. SmarTone Telecommunications owns telecommunications infrastructure.

Executives

Sun Hung Kai Properties Limited
Hsbc Trustee (c.i.) Limited	2301 Trustee

SmarTone Telecommunications Holdings (HKSE:00315) Headlines

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