Langham Hospitality Investments and Langham Hospitality Investments (HKSE:01270) Long-Term Capital Lease Obligation : HK$0.1 Mil (As of Dec. 2023)

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What is Langham Hospitality Investments and Langham Hospitality Investments Long-Term Capital Lease Obligation?

Langham Hospitality Investments and Langham Hospitality Investments's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.1 Mil.

Langham Hospitality Investments and Langham Hospitality Investments's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.9 Mil) to Jun. 2023 (HK$0.3 Mil) and declined from Jun. 2023 (HK$0.3 Mil) to Dec. 2023 (HK$0.1 Mil).

Langham Hospitality Investments and Langham Hospitality Investments's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$0.9 Mil) but then declined from Dec. 2022 (HK$0.9 Mil) to Dec. 2023 (HK$0.1 Mil).

Langham Hospitality Investments and Langham Hospitality Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Langham Hospitality Investments and Langham Hospitality Investments'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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Langham Hospitality Investments and Langham Hospitality Investments Long-Term Capital Lease Obligation Chart

Langham Hospitality Investments and Langham Hospitality Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.84

1.69

0.04

0.88

0.07

Langham Hospitality Investments and Langham Hospitality Investments 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															0.04	0.84	0.88	0.33	0.07

Langham Hospitality Investments and Langham Hospitality Investments (HKSE:01270) 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.

Langham Hospitality Investments and Langham Hospitality Investments Long-Term Capital Lease Obligation Related Terms

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Langham Hospitality Investments and Langham Hospitality Investments (HKSE:01270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Langham Hospitality Investments and Langham Hospitality Investments Ltd (HKSE:01270) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Harbour Road, Great Eagle Centre, Suite 2702, 27th Floor, Wanchai, Hong Kong, HKG

Website

https://www.langhamhospitality.com

Langham Hospitality Investments and Langham Hospitality Investments Ltd is a holdings company involved in the lodging industry. The company operates through three business segments, Langham, Cordis, and Eaton. Langham invests in a portfolio of hotels with a focus on the Asian market. The business segments, Langham, Cordis, and Eaton are individual hotels based in Hong Kong. Langham is involved with the food, meeting, and conference space offerings at each of these hotels. The company generates all of its revenue in Hong Kong.

Executives

Great Eagle Holdings Limited	2201 Interest of corporation controlled by you
Lo Ka Shui	2201 Interest of corporation controlled by you
Hsbc International Trustee Limited	2301 Trustee

Langham Hospitality Investments and Langham Hospitality Investments (HKSE:01270) Headlines

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