Orient Overseas (International) (HKSE:00316) Long-Term Capital Lease Obligation : HK$7,180 Mil (As of Dec. 2023)

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What is Orient Overseas (International) Long-Term Capital Lease Obligation?

Orient Overseas (International)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,180 Mil.

Orient Overseas (International)'s quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$10,650 Mil) to Jun. 2023 (HK$8,325 Mil) and declined from Jun. 2023 (HK$8,325 Mil) to Dec. 2023 (HK$7,180 Mil).

Orient Overseas (International)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$14,168 Mil) to Dec. 2022 (HK$10,650 Mil) and declined from Dec. 2022 (HK$10,650 Mil) to Dec. 2023 (HK$7,180 Mil).

Orient Overseas (International) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orient Overseas (International)'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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Orient Overseas (International) Long-Term Capital Lease Obligation Chart

Orient Overseas (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18,021.24

12,939.19

14,168.09

10,649.72

7,180.10

Orient Overseas (International) 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															14,168.09	12,497.79	10,649.72	8,325.09	7,180.10

Orient Overseas (International) (HKSE:00316) 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.

Orient Overseas (International) Long-Term Capital Lease Obligation Related Terms

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Orient Overseas (International) (HKSE:00316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient Overseas (International) Ltd (HKSE:00316) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

OROVY:USA OROVF:USA ORI1:Germany

Address

25 Harbour Road, 31st Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.ooilgroup.com

Orient Overseas (International) Ltd is engaged in container transport and logistics. Container transport and logistics include containerized shipping services in majorly trade lanes, covering Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades, and integrated services over the management and control of effective storage and flow of goods. Revenue comprises gross freight income, charter hire, service, and other income from the operation of the container transport and logistics and rental income from the investment property.

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