K2 F&B Holdings (HKSE:02108) Long-Term Capital Lease Obligation : HK$27.6 Mil (As of Dec. 2024)

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What is K2 F&B Holdings Long-Term Capital Lease Obligation?

K2 F&B Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$27.6 Mil.

K2 F&B Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$37.9 Mil) to Jun. 2024 (HK$28.2 Mil) and declined from Jun. 2024 (HK$28.2 Mil) to Dec. 2024 (HK$27.6 Mil).

K2 F&B Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$36.9 Mil) to Dec. 2023 (HK$37.9 Mil) but then declined from Dec. 2023 (HK$37.9 Mil) to Dec. 2024 (HK$27.6 Mil).

K2 F&B Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for K2 F&B 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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K2 F&B Holdings Long-Term Capital Lease Obligation Chart

K2 F&B Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.25

36.76

36.86

37.87

27.60

K2 F&B Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												36.86	30.13	37.87	28.19	27.60

K2 F&B Holdings (HKSE:02108) 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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K2 F&B Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » K2 F&B Holdings Ltd (HKSE:02108) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Ubi Avenue 1, No. 02-17/18 Paya Ubi, Industrial Park, Singapore, SGP, 408933

Website

https://www.fuchangroup.com

K2 F&B Holdings Ltd is an investment holding company. The company is engaged in leasing, outlet, and stall management. The two operating business segments are Rental and Outlet management, and Food and beverage stalls. The Outlet management operations oversee the leasing of food establishment premises to tenants and provide management, cleaning, and utility services. The Food and beverage stalls retail beverages, tobacco products, and cooked food directly to consumers, offering items such as mixed vegetable rice, zi char, roasted meat, and chicken rice. The majority of its revenue is derived from the Food and beverage stalls.

Executives

Lee Kek Choo	2202 Interest of your spouse
Toh Soon Huat	2101 Beneficial owner
Chu Chee Keong	2201 Interest of corporation controlled by you
Leow Poh Hoon	2202 Interest of your spouse
Strong Oriental Limited	2101 Beneficial owner

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