Sincere Watch (Hong Kong) (HKSE:00444) Long-Term Capital Lease Obligation : HK$44.8 Mil (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Long-Term Capital Lease Obligation?

Sincere Watch (Hong Kong)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$44.8 Mil.

Sincere Watch (Hong Kong)'s quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$34.0 Mil) to Mar. 2023 (HK$50.3 Mil) but then declined from Mar. 2023 (HK$50.3 Mil) to Sep. 2023 (HK$44.8 Mil).

Sincere Watch (Hong Kong)'s annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$49.6 Mil) to Mar. 2022 (HK$44.0 Mil) but then increased from Mar. 2022 (HK$44.0 Mil) to Mar. 2023 (HK$50.3 Mil).

Sincere Watch (Hong Kong) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Long-Term Capital Lease Obligation Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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34.79

49.60

43.96

50.33

Sincere Watch (Hong Kong) 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															40.82	43.96	33.98	50.33	44.78

Sincere Watch (Hong Kong) (HKSE:00444) 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.

Sincere Watch (Hong Kong) Long-Term Capital Lease Obligation Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Shipshape Investments Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited	2106 Person having a security interest in shares
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Be Bright Limited	2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Sky League Limited	2101 Beneficial owner
Wang Fang	2201 Interest of corporation controlled by you
Allied Crown Investment Limited	2101 Beneficial owner
Bai Ning	2201 Interest of corporation controlled by you
Brilliant World Limited	2101 Beneficial owner

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