Legend Upstar Holdings (HKSE:00459) Long-Term Capital Lease Obligation : HK$8.8 Mil (As of Dec. 2023)

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What is Legend Upstar Holdings Long-Term Capital Lease Obligation?

Legend Upstar Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8.8 Mil.

Legend Upstar Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$17.7 Mil) to Jun. 2023 (HK$14.8 Mil) and declined from Jun. 2023 (HK$14.8 Mil) to Dec. 2023 (HK$8.8 Mil).

Legend Upstar Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$11.2 Mil) to Dec. 2022 (HK$17.7 Mil) but then declined from Dec. 2022 (HK$17.7 Mil) to Dec. 2023 (HK$8.8 Mil).

Legend Upstar Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Legend Upstar 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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Legend Upstar Holdings Long-Term Capital Lease Obligation Chart

Legend Upstar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.11

4.46

11.21

17.73

8.80

Legend Upstar Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.21	20.15	17.73	14.82	8.80

Legend Upstar Holdings (HKSE:00459) 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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Legend Upstar Holdings (HKSE:00459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Legend Upstar Holdings Ltd (HKSE:00459) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Des Voeux Road, Rooms 2505-8, 25th Floor, World-Wide House, Central, Hong Kong, HKG

Website

https://www.legendupstarholdings.com

Legend Upstar Holdings Ltd is an investment holding company. It is engaged in providing property agency services. The company's segments include Property agencies in respect of commercial, and industrial properties, and shops, Properties investment, Credit business, and Securities investment. It generates maximum revenue from the Property agency segment. The sources of the group's revenue are the agency fee, Rental income, interest income from credit business, and interest income from securities investment.

Executives

Luck Gain Holdings Limited	2201 Interest of corporation controlled by you
Wealth Builder Holdings Limited	2101 Beneficial owner
Tang Mei Lai Metty	2202 Interest of your spouse
Wong Kin Yip Freddie	2201 Interest of corporation controlled by you

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