Royale Home Holdings (HKSE:01198) Long-Term Capital Lease Obligation : HK$40.6 Mil (As of Dec. 2023)

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What is Royale Home Holdings Long-Term Capital Lease Obligation?

Royale Home Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$40.6 Mil.

Royale Home Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$50.4 Mil) to Jun. 2023 (HK$44.2 Mil) and declined from Jun. 2023 (HK$44.2 Mil) to Dec. 2023 (HK$40.6 Mil).

Royale Home Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$24.8 Mil) to Dec. 2022 (HK$50.4 Mil) but then declined from Dec. 2022 (HK$50.4 Mil) to Dec. 2023 (HK$40.6 Mil).

Royale Home Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Royale Home 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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Royale Home Holdings Long-Term Capital Lease Obligation Chart

Royale Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.57

49.36

24.77

50.36

40.61

Royale Home Holdings 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															24.77	15.76	50.36	44.20	40.61

Royale Home Holdings (HKSE:01198) 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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Royale Home Holdings (HKSE:01198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Royale Home Holdings Ltd (HKSE:01198) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Mody Road, Room 607, 6th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://royale.todayir.com

Royale Home Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the manufacture and sale of home furniture in China. The segments of the company are, 1) The furniture products segment, engaging in the manufacture and sale of home furniture. 2) The development properties for sale and property investments segment, engaging in the property investments and development. 3) The hotel operations segment, engaging in hotel operations. 4) The trading segment, engaging in the trading of aluminium ingots and bars. Geographically, it derives revenue from Mainland China.

Executives

Tse Kam Pang	2201 Interest of corporation controlled by you
Ke Xue Cheng Guang Zhou Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Ke Xue Cheng Xiang Gang Tou Zi You Xian Gong Si	2101 Beneficial owner
Great Diamond Developments Ltd	2101 Beneficial owner

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