Universe Entertainment And Culture Group Co (HKSE:01046) Long-Term Capital Lease Obligation : HK$2.3 Mil (As of Dec. 2023)

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What is Universe Entertainment And Culture Group Co Long-Term Capital Lease Obligation?

Universe Entertainment And Culture Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.3 Mil.

Universe Entertainment And Culture Group Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$3.6 Mil) to Jun. 2023 (HK$3.7 Mil) but then declined from Jun. 2023 (HK$3.7 Mil) to Dec. 2023 (HK$2.3 Mil).

Universe Entertainment And Culture Group Co's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$9.2 Mil) to Jun. 2022 (HK$5.5 Mil) and declined from Jun. 2022 (HK$5.5 Mil) to Jun. 2023 (HK$3.7 Mil).

Universe Entertainment And Culture Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Universe Entertainment And Culture Group Co'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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Universe Entertainment And Culture Group Co Long-Term Capital Lease Obligation Chart

Universe Entertainment And Culture Group Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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5.61

9.15

5.46

3.66

Universe Entertainment And Culture Group Co 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															8.13	5.46	3.58	3.66	2.33

Universe Entertainment And Culture Group Co (HKSE:01046) 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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Universe Entertainment And Culture Group Co (HKSE:01046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universe Entertainment And Culture Group Co Ltd (HKSE:01046) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-200 Tai Lin Pai Road, 18th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

http://www.uih.com.hk

Universe Entertainment And Culture Group Co Ltd is an investment holding company. The group's primary reporting segments are identified as - Video distribution, film distribution and exhibition, licensing and sublicensing of film rights; Trading, wholesaling, and retailing of optical, watches products; Leasing of investment properties; Securities investments; Financial printing services and others. Its operations are mainly located in Hong Kong, the People's Republic of China and other Asian countries. The company generates maximum revenue from the Video distribution, film distribution and exhibition, licensing and sublicensing of film rights segment.

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