1957. (Hospitality) (HKSE:08495) Long-Term Capital Lease Obligation : HK$86.6 Mil (As of Dec. 2023)

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What is 1957. (Hospitality) Long-Term Capital Lease Obligation?

1957. (Hospitality)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$86.6 Mil.

1957. (Hospitality)'s quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$100.0 Mil) to Sep. 2023 (HK$0.0 Mil) but then increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$86.6 Mil).

1957. (Hospitality)'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$18.3 Mil) to Dec. 2022 (HK$31.2 Mil) and increased from Dec. 2022 (HK$31.2 Mil) to Dec. 2023 (HK$86.6 Mil).

1957. (Hospitality) Long-Term Capital Lease Obligation Historical Data

The historical data trend for 1957. (Hospitality)'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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1957. (Hospitality) Long-Term Capital Lease Obligation Chart

1957. (Hospitality) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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87.57

50.72

18.28

31.23

86.64

1957. (Hospitality) 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	Get a 7-Day Free Trial															31.23	-	99.95	-	86.64

1957. (Hospitality) (HKSE:08495) 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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1957. (Hospitality) (HKSE:08495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » 1957 & Co. (Hospitality) Ltd (HKSE:08495) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

391–407 Jaffe Road, 33rd Floor, Times Tower, Hong Kong, HKG

Website

https://www.1957.com.hk

1957 & Co. (Hospitality) Ltd is a Hong Kong-based restaurant operation and management company. Together with its subsidiaries, the firm operates full-service restaurants under various brands and serves Japanese, Thai, Vietnamese, Shanghainese and Italian cuisines. The Group is engaged in the operation of restaurants and provision of catering management and consultancy services segment. Apart from its restaurant operation business the company also provides catering management and consultancy services in Hong Kong and the People's Republic of China. It derives the majority of the revenue from the operation of restaurants.

Executives

Cai Weike	2201 Interest of corporation controlled by you
Real Hero Ventures Limited	2101 Beneficial owner
Zhang Meiyun	2202 Interest of your spouse
Chan Siu Wan	2202 Interest of your spouse
Leung Chi Tien Steve	2201 Interest of corporation controlled by you
Kwan Wing Kuen Tino	2101 Beneficial owner
Kwan Wai Ling Alicia	2202 Interest of your spouse
1957 & Co. Limited	2201 Interest of corporation controlled by you
Sino Explorer Limited	2101 Beneficial owner
All Victory Global Limited

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