International Entertainment (HKSE:01009) Long-Term Capital Lease Obligation : HK$42.4 Mil (As of Dec. 2024)

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What is International Entertainment Long-Term Capital Lease Obligation?

International Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$42.4 Mil.

International Entertainment's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$30.9 Mil) to Jun. 2024 (HK$27.9 Mil) but then increased from Jun. 2024 (HK$27.9 Mil) to Dec. 2024 (HK$42.4 Mil).

International Entertainment's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$35.6 Mil) to Jun. 2023 (HK$32.6 Mil) and declined from Jun. 2023 (HK$32.6 Mil) to Jun. 2024 (HK$27.9 Mil).

International Entertainment Long-Term Capital Lease Obligation Historical Data

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

International Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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32.81

42.39

35.55

32.56

27.87

International Entertainment Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.63	32.56	30.91	27.87	42.39

International Entertainment (HKSE:01009) 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.

International Entertainment Long-Term Capital Lease Obligation Related Terms

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International Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » International Entertainment Corp (HKSE:01009) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Connaught Place, 18th Floor, Suites 1802–1803, Three Exchange Square, Central, Hong Kong, HKG

Website

http://www.ientcorp.com

International Entertainment Corp is engaged in gaming operation, hotel operation, and live events. The reportable segments of the company are Hotel Operation, Gaming Operation, and Live Events. The majority of its revenue is derived from the Gaming Operation segment which represents the leasing of properties equipped with entertainment equipment at the hotel complex of the Group in the Philippines with participation in casino operations and the gaming business acquired by the company. The Hotel Operation segment represents the operation of the hotel business in the Philippines, and the Live Events segment represents the operation of live poker events business. Geographically, it derives key revenue from the Philippines.

Executives

Eriska Investment Fund Ltd	2101 Beneficial owner
Tang Yuk Fan	2201 Interest of corporation controlled by you
Ag Investment Management Company Limited	2201 Interest of corporation controlled by you
Excite Investments Holdings Limited	2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p.	2101 Beneficial owner
Glorious Future Fund Spc	2201 Interest of corporation controlled by you
Ho Wong Meng	2201 Interest of corporation controlled by you

International Entertainment Headlines

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