Haichang Ocean Park Holdings (HKSE:02255) Long-Term Capital Lease Obligation : HK$132 Mil (As of Dec. 2023)

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What is Haichang Ocean Park Holdings Long-Term Capital Lease Obligation?

Haichang Ocean Park Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$132 Mil.

Haichang Ocean Park Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$104 Mil) to Jun. 2023 (HK$141 Mil) but then declined from Jun. 2023 (HK$141 Mil) to Dec. 2023 (HK$132 Mil).

Haichang Ocean Park Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$54 Mil) to Dec. 2022 (HK$104 Mil) and increased from Dec. 2022 (HK$104 Mil) to Dec. 2023 (HK$132 Mil).

Haichang Ocean Park Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Haichang Ocean Park 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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Haichang Ocean Park Holdings Long-Term Capital Lease Obligation Chart

Haichang Ocean Park Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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54.13

48.74

53.69

103.55

132.37

Haichang Ocean Park Holdings 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															53.69	75.79	103.55	141.37	132.37

Haichang Ocean Park Holdings (HKSE:02255) 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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Haichang Ocean Park Holdings (HKSE:02255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Haichang Ocean Park Holdings Ltd (HKSE:02255) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 1, No. 4, Lane 255 Dongyu Road, 31st Floor, Building A, Foreshore Beach World Trade Centre, Pudong New District, Shanghai, CHN, 200123

Website

https://www.haichangoceanpark.com

Haichang Ocean Park Holdings Ltd is a leisure company focused on theme parks. The company operates several theme parks in China with ocean, adventure, and water themes. In addition to theme parks, Haichang owns ancillary commercial properties adjacent to its theme parks that offer complementary services. The company's theme parks and surrounding properties provide rides, sightseeing, entertainment, dining, and shopping. Ocean-themed parks, the style in which Haichang themes most of its parks, focus on marine animal breeding and conservation. Its segments include Park Operations, Operation as a service, and Property Development. Nearly all of its revenues come from Mainland China.

Executives

Zeqiao Holdings Limited (formerly Known As Haichang Group Limited)	2101 Beneficial owner
Cantrust (far East) Limited	2301 Trustee
Zeqiao International (bvi) Limited	2201 Interest of corporation controlled by you
Qu Cheng	2307 Founder of a discretionary trust who can infl
Orix Corporation	2201 Interest of corporation controlled by you
Mountain Tai Apollo Investment Limited	2101 Beneficial owner
Cong Yunling	2101 Beneficial owner
Cong Yunling	2201 Interest of corporation controlled by you

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