Emperor Entertainment Hotel (HKSE:00296) Long-Term Capital Lease Obligation : HK$25.8 Mil (As of Sep. 2023)

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What is Emperor Entertainment Hotel Long-Term Capital Lease Obligation?

Emperor Entertainment Hotel's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$25.8 Mil.

Emperor Entertainment Hotel's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$25.8 Mil) to Mar. 2023 (HK$26.4 Mil) but then declined from Mar. 2023 (HK$26.4 Mil) to Sep. 2023 (HK$25.8 Mil).

Emperor Entertainment Hotel's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$26.1 Mil) to Mar. 2022 (HK$29.0 Mil) but then declined from Mar. 2022 (HK$29.0 Mil) to Mar. 2023 (HK$26.4 Mil).

Emperor Entertainment Hotel Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emperor Entertainment Hotel'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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Emperor Entertainment Hotel Long-Term Capital Lease Obligation Chart

Emperor Entertainment Hotel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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26.94

26.11

28.95

26.44

Emperor Entertainment Hotel 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															29.49	28.95	25.77	26.44	25.82

Emperor Entertainment Hotel (HKSE:00296) 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.

Emperor Entertainment Hotel Long-Term Capital Lease Obligation Related Terms

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Emperor Entertainment Hotel (HKSE:00296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Emperor Entertainment Hotel Ltd (HKSE:00296) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EM7A:Germany

Address

288 Hennessy Road, 28th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.emp296.com

Emperor Entertainment Hotel Ltd is a Macao-based company that is active in the hospitality and entertainment industry. The company is engaged provision of gaming-related marketing and public relations services in the casino of the Grand Emperor Hotel, the operation of a mass market hall, VIP room, and slot machine hall operations. The company is also engaged in the hotel operation of the Grand Emperor Hotel and the Inn Hotel Macau. The company manages its business in segments namely gaming operations, Leasing, and hotel operation. It generates the majority of its revenue from hotel operations in Macau.

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