Topsports International Holdings (HKSE:06110) Long-Term Capital Lease Obligation : HK$1,599 Mil (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Topsports International Holdings Long-Term Capital Lease Obligation?

Topsports International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$1,599 Mil.

Topsports International Holdings's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (HK$2,150 Mil) to Feb. 2023 (HK$1,700 Mil) and declined from Feb. 2023 (HK$1,700 Mil) to Aug. 2023 (HK$1,599 Mil).

Topsports International Holdings's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (HK$2,795 Mil) to Feb. 2022 (HK$2,422 Mil) and declined from Feb. 2022 (HK$2,422 Mil) to Feb. 2023 (HK$1,700 Mil).

Topsports International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Topsports International 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.

* Premium members only.

Topsports International Holdings Long-Term Capital Lease Obligation Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

2,680.59

2,800.46

2,795.32

2,422.28

1,700.01

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								2,496.37	2,422.28	2,150.30	1,700.01	1,599.47

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Topsports International Holdings's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

No Headlines