Tam Jai International Co (HKSE:02217) Long-Term Capital Lease Obligation : HK$493 Mil (As of Sep. 2023)

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What is Tam Jai International Co Long-Term Capital Lease Obligation?

Tam Jai International Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$493 Mil.

Tam Jai International Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$457 Mil) to Mar. 2023 (HK$436 Mil) but then increased from Mar. 2023 (HK$436 Mil) to Sep. 2023 (HK$493 Mil).

Tam Jai International Co's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$292 Mil) to Mar. 2022 (HK$388 Mil) and increased from Mar. 2022 (HK$388 Mil) to Mar. 2023 (HK$436 Mil).

Tam Jai International Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tam Jai International Co'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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Tam Jai International Co Long-Term Capital Lease Obligation Chart

Tam Jai International Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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277.74

291.93

388.41

436.21

425.62

Tam Jai International Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					388.41	457.12	436.21	493.47	425.62

Tam Jai International Co (HKSE:02217) 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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Tam Jai International Co (HKSE:02217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tam Jai International Co Ltd (HKSE:02217) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

29S:Germany

Address

No. 9 Cheung Yee Street, 8th Floor of D2 Place ONE, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.tamjai-intl.com

Tam Jai International Co Ltd is a chain restaurant operator for fast casual restaurant chains, with operations in Mainland China and Singapore. It generates maximum revenue from Hong Kong.

Executives

Awata Takaya	2201 Interest of corporation controlled by you
Awata Toshimi	2202 Interest of your spouse
Toridoll Holding Limited	2101 Beneficial owner
Toridoll Holdings Corporation	2201 Interest of corporation controlled by you

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