Oriental Watch Holdings (HKSE:00398) Long-Term Capital Lease Obligation : HK$132 Mil (As of Sep. 2023)

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What is Oriental Watch Holdings Long-Term Capital Lease Obligation?

Oriental Watch Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$132 Mil.

Oriental Watch Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$288 Mil) to Mar. 2023 (HK$230 Mil) and declined from Mar. 2023 (HK$230 Mil) to Sep. 2023 (HK$132 Mil).

Oriental Watch Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$266 Mil) to Mar. 2022 (HK$327 Mil) but then declined from Mar. 2022 (HK$327 Mil) to Mar. 2023 (HK$230 Mil).

Oriental Watch Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oriental Watch 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.

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Oriental Watch Holdings Long-Term Capital Lease Obligation Chart

Oriental Watch Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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205.77

265.71

326.67

230.40

Oriental Watch Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															278.91	326.67	287.99	230.40	132.28

Oriental Watch Holdings (HKSE:00398) 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.

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Oriental Watch Holdings (HKSE:00398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Oriental Watch Holdings Ltd (HKSE:00398) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, Wing On Centre, 19th Floor, Hong Kong, HKG

Website

https://www.orientalwatch.com

Oriental Watch Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the sales of watches. It operates in Hong Kong, the PRC, Macau, and Taiwan, of which a majority of revenue is generated from the PRC. The group sells its products through retail stores under the brand name Rolex, Tudor, Piaget, Vacheron Constantin, Audemars Piguet, IWC, Jaeger-LeCoultre, Girard Perregaux, Longines, and Omega, among others.

Executives

Bank Of America Corporation	2201 Interest of corporation controlled by you
Yeung Ming Biu	2101 Beneficial owner
Datsun Holdings Limited	2101 Beneficial owner

Oriental Watch Holdings (HKSE:00398) Headlines

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