Best Food Holding Co (HKSE:01488) Long-Term Capital Lease Obligation : HK$104.6 Mil (As of Dec. 2023)

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What is Best Food Holding Co Long-Term Capital Lease Obligation?

Best Food Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$104.6 Mil.

Best Food Holding Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$163.0 Mil) to Jun. 2023 (HK$115.3 Mil) and declined from Jun. 2023 (HK$115.3 Mil) to Dec. 2023 (HK$104.6 Mil).

Best Food Holding Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$230.5 Mil) to Dec. 2022 (HK$163.0 Mil) and declined from Dec. 2022 (HK$163.0 Mil) to Dec. 2023 (HK$104.6 Mil).

Best Food Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Best Food Holding Co'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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Best Food Holding Co Long-Term Capital Lease Obligation Chart

Best Food Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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293.30

252.96

230.53

162.98

104.58

Best Food Holding Co 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															230.53	187.39	162.98	115.26	104.58

Best Food Holding Co (HKSE:01488) 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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Best Food Holding Co (HKSE:01488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Best Food Holding Co Ltd (HKSE:01488) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Finance Street, Suite 11, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

http://www.bestfoodholding.com

Best Food Holding Co Ltd is principally engaged in the operation of chain restaurants. It is involved in the Chinese fast-food restaurant chain and actively seeks relevant investment opportunities along the value chain of the catering industry. Its revenue is generated from the Food and beverage business. Geographically, it derives maximum revenue from PRC. It also has operations in the USA, Canada, Italy, Germany, Hong Kong, South American countries, UK, the Netherlands, the Middle East and Africa, Other European countries, and Other Asian countries.

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