Swire Pacific (Swire Pacific) Long-Term Capital Lease Obligation : $539 Mil (As of Dec. 2023)

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What is Swire Pacific Long-Term Capital Lease Obligation?

Swire Pacific's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $539 Mil.

Swire Pacific's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($532 Mil) to Jun. 2023 ($537 Mil) and increased from Jun. 2023 ($537 Mil) to Dec. 2023 ($539 Mil).

Swire Pacific's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($578 Mil) to Dec. 2022 ($532 Mil) but then increased from Dec. 2022 ($532 Mil) to Dec. 2023 ($539 Mil).

Swire Pacific Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swire Pacific'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.

Swire Pacific Long-Term Capital Lease Obligation Chart

Swire Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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578.77

562.31

578.15

531.77

538.55

Swire Pacific 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															578.15	546.37	531.77	537.09	538.55

Swire Pacific (OTCPK:SWRAF) 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.

Swire Pacific Long-Term Capital Lease Obligation Related Terms

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Swire Pacific (Swire Pacific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Swire Pacific Ltd (OTCPK:SWRAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SWRBY:USA SWRBF:USA SWRAY:USA 00087:Hong Kong 00019:Hong Kong SWI1:Germany

Address

88 Queensway, GPO Box 1, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.swirepacific.com

Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end June 2023, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure.

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