Starlite Holdings (HKSE:00403) Long-Term Capital Lease Obligation : HK$3.6 Mil (As of Sep. 2023)

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What is Starlite Holdings Long-Term Capital Lease Obligation?

Starlite Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.6 Mil.

Starlite Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.5 Mil) to Mar. 2023 (HK$5.1 Mil) but then declined from Mar. 2023 (HK$5.1 Mil) to Sep. 2023 (HK$3.6 Mil).

Starlite Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$1.9 Mil) to Mar. 2022 (HK$1.4 Mil) but then increased from Mar. 2022 (HK$1.4 Mil) to Mar. 2023 (HK$5.1 Mil).

Starlite Holdings Long-Term Capital Lease Obligation Historical Data

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

Starlite Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.46

1.89

1.37

5.11

Starlite Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	1.37	0.55	5.11	3.60

Starlite Holdings (HKSE:00403) 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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Starlite Holdings (HKSE:00403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Starlite Holdings Ltd (HKSE:00403) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Tai Yau Street, 3rd Floor, Perfect Industrial Building, Sanpokong, Kowloon, Hong Kong, HKG

Website

http://www.hkstarlite.com

Starlite Holdings Ltd is an investment holding company engaged in the printing and manufacturing of packaging materials, labels, and paper products, including environmental-friendly paper products. The group considers business segments from a geographical perspective being the location of factory plants including Southern China, Eastern China, and South East Asia, of which a majority of revenue is derived from Southern China.

Executives

Yeung Chui
Lam Kwong Yu
Wu Lam Li

Starlite Holdings (HKSE:00403) Headlines

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