Design Capital (HKSE:01545) Long-Term Capital Lease Obligation : HK$63.9 Mil (As of Dec. 2023)

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What is Design Capital Long-Term Capital Lease Obligation?

Design Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$63.9 Mil.

Design Capital's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$73.3 Mil) to Jun. 2023 (HK$66.9 Mil) and declined from Jun. 2023 (HK$66.9 Mil) to Dec. 2023 (HK$63.9 Mil).

Design Capital's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$77.3 Mil) to Dec. 2022 (HK$73.3 Mil) and declined from Dec. 2022 (HK$73.3 Mil) to Dec. 2023 (HK$63.9 Mil).

Design Capital Long-Term Capital Lease Obligation Historical Data

The historical data trend for Design Capital'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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Design Capital Long-Term Capital Lease Obligation Chart

Design Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.02

76.72

77.25

73.28

63.89

Design Capital Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									77.25	77.46	73.28	66.89	63.89

Design Capital (HKSE:01545) 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.

Design Capital Long-Term Capital Lease Obligation Related Terms

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Design Capital (HKSE:01545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Design Capital Ltd (HKSE:01545) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Joo Seng Road, No. 07-05, Singapore, SGP, 368357

Website

https://www.designcapital.sg

Design Capital Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the segments of Interior design, Furniture sales, U.S. furniture sales, and corporate. Furniture sales include both furniture sales and project sales and U.S. furniture sales. It derives prime revenue from the U.S. furniture sales segment which represents online sales of furniture in the U.S. market. Geographically the group has a business presence in the U.S., Singapore, Malaysia, and Brunei.

Executives

Beh Pur-lin Elaine
Goon Eu Jin Terence
Nobel Design International Limited
Tan Thiam Siew
Wee Ai Quey
Kho Chuan Thye Patrick
Sng Su Ying Marian
Kho Choon Keng
Lian Huat Group Pte. Ltd.
Lian Keng Enterprises Pte Ltd
Southern Cross Holdings Pte. Ltd.
Yuen Woon Siew Marilyn

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