Homeland Interactive Technology (HKSE:03798) Long-Term Capital Lease Obligation : HK$14 Mil (As of Dec. 2023)

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What is Homeland Interactive Technology Long-Term Capital Lease Obligation?

Homeland Interactive Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$14 Mil.

Homeland Interactive Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$9 Mil) to Jun. 2023 (HK$3 Mil) but then increased from Jun. 2023 (HK$3 Mil) to Dec. 2023 (HK$14 Mil).

Homeland Interactive Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$24 Mil) to Dec. 2022 (HK$9 Mil) but then increased from Dec. 2022 (HK$9 Mil) to Dec. 2023 (HK$14 Mil).

Homeland Interactive Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Homeland Interactive Technology'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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Homeland Interactive Technology Long-Term Capital Lease Obligation Chart

Homeland Interactive Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.10

8.42

23.84

8.50

13.57

Homeland Interactive Technology 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									23.84	13.95	8.50	3.17	13.57

Homeland Interactive Technology (HKSE:03798) 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.

Homeland Interactive Technology Long-Term Capital Lease Obligation Related Terms

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Homeland Interactive Technology (HKSE:03798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Homeland Interactive Technology Ltd (HKSE:03798) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Tainan Road, 7A, 22nd Floor, Huijin Building, Siming District, Xiamen, CHN

Website

https://www.jiaxianghudong.com

Homeland Interactive Technology Ltd is a developer and operator of g localized card and board game developer and operator in the PRC with a special focus on localized Mahjong and poker games. It derives revenue from game development and operation income from sales of virtual tokens and private game room cards. Its operating activities are attributable to a single operating segment focusing on the development and operation of mobile games in the Peoples' Republic of China.

Executives

Zhang Na	2101 Beneficial owner
Su Bo	2202 Interest of your spouse
Futu Trustee Limited	2301 Trustee
Ding Chunlong	2101 Beneficial owner
Jiang Mingkuan
One One Eleven Limited	2201 Interest of corporation controlled by you
Futu Trustee (singapore) Pte Ltd	2301 Trustee
Men Geng	2307 Founder of a discretionary trust who can infl
Men Geng Network Limited	2101 Beneficial owner
Su Bo Network Limited	2101 Beneficial owner
Su Bo	2201 Interest of corporation controlled by you
Jiang Ming Kuan Network Limited	2101 Beneficial owner
Wu Chengze	2201 Interest of corporation controlled by you
Wu Chengze Network Limited	2101 Beneficial owner
Li Bo	2201 Interest of corporation controlled by you

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