Palasino Holdings (HKSE:02536) Long-Term Capital Lease Obligation : HK$59.2 Mil (As of Sep. 2023)

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What is Palasino Holdings Long-Term Capital Lease Obligation?

Palasino Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$59.2 Mil.

Palasino Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$63.4 Mil) but then declined from Mar. 2023 (HK$63.4 Mil) to Sep. 2023 (HK$59.2 Mil).

Palasino Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$56.6 Mil) to Mar. 2022 (HK$58.9 Mil) and increased from Mar. 2022 (HK$58.9 Mil) to Mar. 2023 (HK$63.4 Mil).

Palasino Holdings Long-Term Capital Lease Obligation Historical Data

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

Palasino Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

56.58

58.88

63.42

Palasino Holdings Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	56.58	58.88	-	63.42	59.20

Palasino Holdings (HKSE:02536) 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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Palasino Holdings (HKSE:02536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palasino Holdings Ltd (HKSE:02536) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Des Voeux Road Central, 16 floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.palasinoholdings.com

Palasino Holdings Ltd is an entertainment, gaming, and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. It operates into two reportable segments: Gaming operations - operation of casinos and Hotel and catering operations - operation of hotel, catering, and related services. Key revenue is generated from Gaming operations - operation of casinos.

Executives

Chiu David	2201 Interest of corporation controlled by you
Chiu Ng Nancy	2202 Interest of your spouse
Far East Organization (international) Limited	2201 Interest of corporation controlled by you
Sumptuous Assets Limited	2201 Interest of corporation controlled by you
Ample Bonus Limited	2101 Beneficial owner
Far East Consortium International Limited	2201 Interest of corporation controlled by you
Blossom Industrial Investment Limited	2201 Interest of corporation controlled by you
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2201 Interest of corporation controlled by you
Yang Fang	2201 Interest of corporation controlled by you

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