Asia Standard Hotel Group (HKSE:00292) Long-Term Capital Lease Obligation : HK$0.9 Mil (As of Mar. 2024)

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What is Asia Standard Hotel Group Long-Term Capital Lease Obligation?

Asia Standard Hotel Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.9 Mil.

Asia Standard Hotel Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$1.9 Mil) to Sep. 2023 (HK$0.1 Mil) but then increased from Sep. 2023 (HK$0.1 Mil) to Mar. 2024 (HK$0.9 Mil).

Asia Standard Hotel Group's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (HK$0.3 Mil) to Mar. 2023 (HK$1.9 Mil) but then declined from Mar. 2023 (HK$1.9 Mil) to Mar. 2024 (HK$0.9 Mil).

Asia Standard Hotel Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Standard Hotel Group'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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Asia Standard Hotel Group Long-Term Capital Lease Obligation Chart

Asia Standard Hotel Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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2.34

2.49

0.30

1.86

0.88

Asia Standard Hotel Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.30	4.57	1.86	0.13	0.88

Asia Standard Hotel Group (HKSE:00292) 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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Asia Standard Hotel Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Standard Hotel Group Ltd (HKSE:00292) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

http://www.asiastandardhotelgroup.com

Asia Standard Hotel Group Ltd is a Hong Kong-based investment holding company principally engaged in hotel businesses. The segment in which the group operates includes Hotel Operation, Property development, Financial Investments, and Others. The hotel Operation segment of the company is engaged in hotel operations in Hong Kong and Canada; the Property development segment focuses on properties in Hong Kong and Canada; and the Financial Investments segment is engaged in the investment in financial instruments and earns maximum revenue for the company. The business activity of the company is operated in Hong Kong and Overseas.

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