Associated International Hotels (HKSE:00105) Long-Term Capital Lease Obligation : HK$1.5 Mil (As of Sep. 2023)

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What is Associated International Hotels Long-Term Capital Lease Obligation?

Associated International Hotels's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.5 Mil.

Associated International Hotels's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$1.6 Mil) to Mar. 2023 (HK$1.5 Mil) but then stayed the same from Mar. 2023 (HK$1.5 Mil) to Sep. 2023 (HK$1.5 Mil).

Associated International Hotels's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$1.6 Mil) but then declined from Mar. 2022 (HK$1.6 Mil) to Mar. 2023 (HK$1.5 Mil).

Associated International Hotels Long-Term Capital Lease Obligation Historical Data

The historical data trend for Associated International Hotels'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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Associated International Hotels Long-Term Capital Lease Obligation Chart

Associated International Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.79

1.72

1.57

1.49

Associated International Hotels 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															1.65	1.57	1.57	1.49	1.49

Associated International Hotels (HKSE:00105) 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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Associated International Hotels (HKSE:00105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Associated International Hotels Ltd (HKSE:00105) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

63 Nathan Road, 9th Floor, iSQUARE, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://aihl.etnet.com.hk

Associated International Hotels Ltd is a Hong-Kong investment holding company principally engaged in property-related businesses. Its only reportable segment is Property leasing. The company generates revenue from Interest income, Management fees, and Others. The properties under the company include iSQUARE, Good Luck Industrial Building as well as the offices in Euro Trade Centre in Hong Kong. Geographically, it derives revenue from Hong Kong.

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