Hong Kong Economic Times Holdings (HKSE:00423) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Mar. 2024)

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What is Hong Kong Economic Times Holdings Long-Term Capital Lease Obligation?

Hong Kong Economic Times Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.4 Mil.

Hong Kong Economic Times Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$1.4 Mil) to Sep. 2023 (HK$0.8 Mil) and declined from Sep. 2023 (HK$0.8 Mil) to Mar. 2024 (HK$0.4 Mil).

Hong Kong Economic Times Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (HK$0.4 Mil) to Mar. 2023 (HK$1.4 Mil) but then declined from Mar. 2023 (HK$1.4 Mil) to Mar. 2024 (HK$0.4 Mil).

Hong Kong Economic Times Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Kong Economic Times 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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Hong Kong Economic Times Holdings Long-Term Capital Lease Obligation Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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6.96

1.65

0.36

1.40

0.36

Hong Kong Economic Times Holdings 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															0.36	4.93	1.40	0.78	0.36

Hong Kong Economic Times Holdings (HKSE:00423) 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.

Hong Kong Economic Times Holdings Long-Term Capital Lease Obligation Related Terms

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Hong Kong Economic Times Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HKGEF:USA

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings Headlines

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