Paradise Entertainment (HKSE:01180) Long-Term Capital Lease Obligation : HK$7.9 Mil (As of Jun. 2024)

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What is Paradise Entertainment Long-Term Capital Lease Obligation?

Paradise Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$7.9 Mil.

Paradise Entertainment's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$18.6 Mil) to Dec. 2023 (HK$13.1 Mil) and declined from Dec. 2023 (HK$13.1 Mil) to Jun. 2024 (HK$7.9 Mil).

Paradise Entertainment's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$11.1 Mil) to Dec. 2022 (HK$24.6 Mil) but then declined from Dec. 2022 (HK$24.6 Mil) to Dec. 2023 (HK$13.1 Mil).

Paradise Entertainment Long-Term Capital Lease Obligation Historical Data

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

Paradise Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.89

4.93

11.13

24.60

13.09

Paradise Entertainment Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.70	24.60	18.63	13.09	7.94

Paradise Entertainment (HKSE:01180) 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.

Paradise Entertainment Long-Term Capital Lease Obligation Related Terms

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Paradise Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Paradise Entertainment Ltd (HKSE:01180) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LIL3:Germany

Address

Unit C, 19th Floor, 30 Queen's Road Central, Entertainment Building, Hong Kong, HKG

Website

https://www.hk1180.com

Paradise Entertainment Ltd is an investment holding company. The company, through its subsidiaries, engages in the development, supply, and sales of electronic gaming systems and the provision of casino management services. The operating segment of the company is divided into two segments: Casino management services engaged in the provision of casino management services in Macau; and Gaming systems engaged in the development, sale and leasing of electronic gaming equipment and systems and royalty income. It generates the majority of its revenue from Casino Services.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you

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