Road King Infrastructure (HKSE:01098) Long-Term Capital Lease Obligation : HK$5 Mil (As of Dec. 2024)

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What is Road King Infrastructure Long-Term Capital Lease Obligation?

Road King Infrastructure's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$5 Mil.

Road King Infrastructure's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$15 Mil) to Jun. 2024 (HK$9 Mil) and declined from Jun. 2024 (HK$9 Mil) to Dec. 2024 (HK$5 Mil).

Road King Infrastructure's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$29 Mil) to Dec. 2023 (HK$15 Mil) and declined from Dec. 2023 (HK$15 Mil) to Dec. 2024 (HK$5 Mil).

Road King Infrastructure Long-Term Capital Lease Obligation Historical Data

The historical data trend for Road King Infrastructure'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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Road King Infrastructure Long-Term Capital Lease Obligation Chart

Road King Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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89.61

67.66

28.65

14.56

4.64

Road King Infrastructure Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.65	21.26	14.56	8.97	4.64

Road King Infrastructure (HKSE:01098) 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.

Road King Infrastructure Long-Term Capital Lease Obligation Related Terms

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Road King Infrastructure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Road King Infrastructure Ltd (HKSE:01098) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

RKGXF:USA

Address

9 Canton Road, The Gateway, Suite 501, 5th Floor, Tower 6, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.roadking.com.hk

Road King Infrastructure Ltd is an investment holding company. The company's principal activities are the operation of property development and investment, investment and asset management businesses in Mainland China and Hong Kong; and the development, operation and management of toll roads through the infrastructure joint ventures in the PRC and Indonesia. The company's business segments are; Property Development and Investment, Toll Road, and Investment and asset management. The Property development and investment segment which generates key revenue is engaged in the development of properties for sale, rental income, or potential capital appreciation. Geographically, it generates a majority of its revenue from Mainland China followed by Hong Kong.

Executives

Wai Kee Holdings Limited	2201 Interest of corporation controlled by you
Groove Trading Limited	2101 Beneficial owner
Zwp Investments Limited	2101 Beneficial owner

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