International Housewares Retail Co (HKSE:01373) Long-Term Capital Lease Obligation : HK$341 Mil (As of Oct. 2023)

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What is International Housewares Retail Co Long-Term Capital Lease Obligation?

International Housewares Retail Co's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$341 Mil.

International Housewares Retail Co's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (HK$193 Mil) to Apr. 2023 (HK$295 Mil) and increased from Apr. 2023 (HK$295 Mil) to Oct. 2023 (HK$341 Mil).

International Housewares Retail Co's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (HK$222 Mil) to Apr. 2022 (HK$227 Mil) and increased from Apr. 2022 (HK$227 Mil) to Apr. 2023 (HK$295 Mil).

International Housewares Retail Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Housewares Retail Co'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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International Housewares Retail Co Long-Term Capital Lease Obligation Chart

International Housewares Retail Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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0.42

210.13

221.72

226.68

295.27

International Housewares Retail Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															229.98	226.68	193.04	295.27	340.66

International Housewares Retail Co (HKSE:01373) 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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International Housewares Retail Co (HKSE:01373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » International Housewares Retail Co Ltd (HKSE:01373) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southmark, 11 Yip Hing Street, 20th Floor, Tower B, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.ihr.com.hk

International Housewares Retail Co Ltd and its subsidiaries are houseware retail chains in Hong Kong, Singapore, and Macau. The group offers houseware products through a retail network comprising stores in Hong Kong, Singapore, Macau, Cambodia, East Malaysia, Saudi Arabia and Australia under brands including Japan Home Centre, City Life, Epo gifts and stationery, 123 by ELLA, and Japan Home. The group has reportable operating segments namely Retail, Wholesales, Licensing and others. Hong Kong is the key market of the group, accounting for majorly of its total revenue. It generates the majority of its revenue from the Retail segment.

Executives

Lau Pak Fai Peter	2101 Beneficial owner
Webb David Michael	2201 Interest of corporation controlled by you
Ngai Lai Ha	2101 Beneficial owner

International Housewares Retail Co (HKSE:01373) Headlines

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