HG Holdings (HG Holdings) Long-Term Capital Lease Obligation

: $0.59 Mil (As of Dec. 2023)

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HG Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.59 Mil.

HG Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.38 Mil) to Sep. 2023 ($0.31 Mil) but then increased from Sep. 2023 ($0.31 Mil) to Dec. 2023 ($0.59 Mil).

HG Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.45 Mil) to Dec. 2022 ($0.70 Mil) but then declined from Dec. 2022 ($0.70 Mil) to Dec. 2023 ($0.59 Mil).

HG Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for HG 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.

HG Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.45

0.70

0.59

HG Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																0.70	0.35	0.38	0.31	0.59

HG Holdings (OTCPK:STLY) 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.

HG Holdings Long-Term Capital Lease Obligation Related Terms

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HG Holdings (HG Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HG Holdings Inc (OTCPK:STLY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204

Website

https://www.hgholdingsinc.net

HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.

Executives

Peter Mark Sherman	director	4409 MICKLETON ROAD, CHARLOTTE NC 28226
Justin Hayles Edenfield	officer: Prin. Accting & Fin. Officer	6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Hale Partnership Capital Management, Llc	10 percent owner	5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Solas Capital Management, Llc	10 percent owner	1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Hale Partnership Fund, L.p.	10 percent owner	3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Matthew Hultquist	director	ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner	officer: CFO and CAO	2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Steven A Ii	director, 10 percent owner	5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith	officer: Interim Chief Exec. Officer	200 N. HAMILTON STREET, HIGH POINT NC 27260
Jeffrey Stuart Gilliam	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Tucker Golden Frederick	10 percent owner	C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Michael P Haley	director	200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Talanta Investment Group, Llc	director, 10 percent owner	401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260