Imperial Pacific International Holdings (HKSE:01076) Long-Term Capital Lease Obligation : HK$16.11 Mil (As of Jun. 2022)

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What is Imperial Pacific International Holdings Long-Term Capital Lease Obligation?

Imperial Pacific International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was HK$16.11 Mil.

Imperial Pacific International Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2021 (HK$18.03 Mil) to Dec. 2021 (HK$18.31 Mil) but then declined from Dec. 2021 (HK$18.31 Mil) to Jun. 2022 (HK$16.11 Mil).

Imperial Pacific International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (HK$0.00 Mil) to Dec. 2020 (HK$19.10 Mil) but then declined from Dec. 2020 (HK$19.10 Mil) to Dec. 2021 (HK$18.31 Mil).

Imperial Pacific International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Imperial Pacific International 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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Imperial Pacific International Holdings Long-Term Capital Lease Obligation Chart

Imperial Pacific International Holdings Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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19.10

18.31

Imperial Pacific International Holdings Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.93	19.10	18.03	18.31	16.11

Imperial Pacific International Holdings (HKSE:01076) 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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Imperial Pacific International Holdings (HKSE:01076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Imperial Pacific International Holdings Ltd (HKSE:01076) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

145 Hennessy Road, 22nd Floor, On Hong Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.equitynet.com.hk/1076

Imperial Pacific International Holdings Ltd is an investment holdings company with interests in the resorts and casinos industry. The company has one business segment, Gaming and Resort, that develops integrated resorts with casinos, hotels, restaurants, leisure facilities, and retail spaces. The company has a few other investment operations such as processing frozen food products and developing and leasing investment properties.

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