Giordano International (HKSE:00709) Long-Term Capital Lease Obligation : HK$337 Mil (As of Dec. 2023)

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What is Giordano International Long-Term Capital Lease Obligation?

Giordano International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$337 Mil.

Giordano International's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$287 Mil) to Jun. 2023 (HK$281 Mil) but then increased from Jun. 2023 (HK$281 Mil) to Dec. 2023 (HK$337 Mil).

Giordano International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$300 Mil) to Dec. 2022 (HK$287 Mil) but then increased from Dec. 2022 (HK$287 Mil) to Dec. 2023 (HK$337 Mil).

Giordano International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Giordano 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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Giordano International Long-Term Capital Lease Obligation Chart

Giordano International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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572.00

340.00

300.00

287.00

337.00

Giordano 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															300.00	299.00	287.00	281.00	337.00

Giordano International (HKSE:00709) 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.

Giordano International Long-Term Capital Lease Obligation Related Terms

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Giordano International (HKSE:00709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Giordano International Ltd (HKSE:00709) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GRDZF:USA GIO:Germany

Address

777-779 Cheung Sha Wan Road, 5th Floor, Tin On Industrial Building, Kowloon, Hong Kong, HKG

Website

http://www.giordano.com.hk

Giordano International Ltd is an apparel manufacturer and retailer with thousands of stores in the Asia-Pacific region. Giordano's has both self-operated and franchised stores. Giordano's sales are similarly dispersed through the following regions: Mainland China, Hong Kong and Taiwan, and Rest of Asia-Pacific. The company also generates significant sales in the Middle East. The Giordano brand, encompassing Giordano Men, Giordano Women, and Giordano Junior, generates the vast majority of the company's sales, mostly through Giordano Men. Other brands include Giordano Ladies, BSX, Beau Monde, and Eula.

Executives

Webb David Michael

2201 Interest of corporation controlled by you

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