Tokyo Chuo Auction Holdings (HKSE:01939) Long-Term Capital Lease Obligation : HK$1.15 Mil (As of Sep. 2023)

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What is Tokyo Chuo Auction Holdings Long-Term Capital Lease Obligation?

Tokyo Chuo Auction Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.15 Mil.

Tokyo Chuo Auction Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.67 Mil) to Mar. 2023 (HK$1.51 Mil) but then declined from Mar. 2023 (HK$1.51 Mil) to Sep. 2023 (HK$1.15 Mil).

Tokyo Chuo Auction Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$9.10 Mil) to Mar. 2022 (HK$2.46 Mil) and declined from Mar. 2022 (HK$2.46 Mil) to Mar. 2023 (HK$1.51 Mil).

Tokyo Chuo Auction Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tokyo Chuo Auction 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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Tokyo Chuo Auction Holdings Long-Term Capital Lease Obligation Chart

Tokyo Chuo Auction Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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16.13

9.10

2.46

1.51

Tokyo Chuo Auction Holdings Semi-Annual Data
	Mar16	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										6.33	2.46	0.67	1.51	1.15

Tokyo Chuo Auction Holdings (HKSE:01939) 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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Tokyo Chuo Auction Holdings (HKSE:01939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Chuo Auction Holdings Ltd (HKSE:01939) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-5 Kyobashi, Chou-Ku, 2nd and 3rd Floor, Kyobashi Square, Tokyo, JPN, 104-0031

Website

https://www.chuo-auction.com.hk

Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.

Executives

Ando Eri	2202 Interest of your spouse
Ando Shokei	2101 Beneficial owner

Tokyo Chuo Auction Holdings (HKSE:01939) Headlines

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