Raffles Interior (HKSE:01376) Long-Term Capital Lease Obligation : HK$1.2 Mil (As of Dec. 2023)

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What is Raffles Interior Long-Term Capital Lease Obligation?

Raffles Interior's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.2 Mil.

Raffles Interior's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1.6 Mil) to Jun. 2023 (HK$1.8 Mil) but then declined from Jun. 2023 (HK$1.8 Mil) to Dec. 2023 (HK$1.2 Mil).

Raffles Interior's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2.1 Mil) to Dec. 2022 (HK$1.6 Mil) and declined from Dec. 2022 (HK$1.6 Mil) to Dec. 2023 (HK$1.2 Mil).

Raffles Interior Long-Term Capital Lease Obligation Historical Data

The historical data trend for Raffles Interior'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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Raffles Interior Long-Term Capital Lease Obligation Chart

Raffles Interior Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.35

3.37

2.09

1.62

1.20

Raffles Interior Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							2.09	1.87	1.62	1.76	1.20

Raffles Interior (HKSE:01376) 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.

Raffles Interior Long-Term Capital Lease Obligation Related Terms

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Raffles Interior (HKSE:01376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Raffles Interior Ltd (HKSE:01376) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Sungei Kadut Loop, Singapore, SGP, 729490

Website

http://www.rafflesinterior.com

Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.

Executives

Low Lek Huat	2201 Interest of corporation controlled by you
Zhong Ji Huan Qiu Qi Ye You Xian Gong Si	2101 Beneficial owner
Union Expert Investment Holding Limited	2101 Beneficial owner
Cao Chengpeng	2201 Interest of corporation controlled by you
Sng Siew Luan Emily	2202 Interest of your spouse
Pan Lulu	2202 Interest of your spouse
Ong Poh Eng	2202 Interest of your spouse
Ng Foo Wah	2201 Interest of corporation controlled by you
Neo Bee Ling Pauline	2202 Interest of your spouse
Chua Boon Par	2201 Interest of corporation controlled by you
Low Lek Hee	2201 Interest of corporation controlled by you
Loke Yoke Mei	2202 Interest of your spouse
Lo Lek Chew	2201 Interest of corporation controlled by you
Lim Bee Peng	2202 Interest of your spouse
Leong Wai Kit	2201 Interest of corporation controlled by you

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