Guoco Group (Guoco Group) Long-Term Capital Lease Obligation : $972 Mil (As of Dec. 2023)

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What is Guoco Group Long-Term Capital Lease Obligation?

Guoco Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $972 Mil.

Guoco Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($898 Mil) to Jun. 2023 ($1,024 Mil) but then declined from Jun. 2023 ($1,024 Mil) to Dec. 2023 ($972 Mil).

Guoco Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($1,031 Mil) to Jun. 2022 ($879 Mil) but then increased from Jun. 2022 ($879 Mil) to Jun. 2023 ($1,024 Mil).

Guoco Group Long-Term Capital Lease Obligation Historical Data

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

Guoco Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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35.70

935.79

1,031.27

879.37

1,023.72

Guoco Group 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															974.11	879.37	897.69	1,023.72	972.23

Guoco Group (OTCPK:GULRY) 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.

Guoco Group Long-Term Capital Lease Obligation Related Terms

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Guoco Group (Guoco Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Guoco Group Ltd (OTCPK:GULRY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GULRF:USA 00053:Hong Kong

Address

99 Queen's Road Central, 50th Floor, The Center, Hong Kong, HKG

Website

https://www.guoco.com

Guoco Group Ltd is a holdings company engaged in investment and financial businesses globally. The company operates in four main segments: principal investment, property development and investment, hospitality and leisure, and financial services. It generates additional revenue from oil and gas production. Principal investment segment covers direct and equity investments, and treasury operations. The property development and investment segment, develops residential and commercial properties in China and Southeast Asia. The main revenue driver, hospitality and leisure segment owns, leases, and manages hotels, and operates gaming businesses in the UK, Spain and Belgium. The financial-services segment includes commercial, consumer and investment banking, as well as insurance services.