Success Universe Group (HKSE:00487) Long-Term Capital Lease Obligation : HK$0.3 Mil (As of Dec. 2023)

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What is Success Universe Group Long-Term Capital Lease Obligation?

Success Universe Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.3 Mil.

Success Universe Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.2 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.3 Mil).

Success Universe Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.3 Mil) to Dec. 2022 (HK$0.2 Mil) but then increased from Dec. 2022 (HK$0.2 Mil) to Dec. 2023 (HK$0.3 Mil).

Success Universe Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Success Universe 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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Success Universe Group Long-Term Capital Lease Obligation Chart

Success Universe Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.42

0.91

0.34

0.17

0.28

Success Universe Group 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															0.34	0.15	0.17	0.04	0.28

Success Universe Group (HKSE:00487) 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.

Success Universe Group Long-Term Capital Lease Obligation Related Terms

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Success Universe Group (HKSE:00487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Success Universe Group Ltd (HKSE:00487) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Tower 1, Admiralty Centre, Units 1003-04A, 10th Floor, Hong Kong, HKG

Website

http://www.successug.com

Success Universe Group Ltd is a Hong Kong-based investment holding company that is engaged in travel-related and property investment businesses. The travel segment is engaged in the sales of air tickets, tour packages, and other travel-related services, Property investment business receives profit streams from leasing office premises in Hong Kong. It operates the business activity from various locations which includes Hong Kong, Macau, North America, and China. The group generates the majority of its revenue from the Travel segment.

Executives

Silver Rich Macau Development Limited	2101 Beneficial owner
Liu Siu Lam Marian	2202 Interest of your spouse
Yeung Hoi Sing Sonny	2201 Interest of corporation controlled by you

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