Royal Deluxe Holdings (HKSE:03789) Long-Term Capital Lease Obligation : HK$0.3 Mil (As of Sep. 2024)

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What is Royal Deluxe Holdings Long-Term Capital Lease Obligation?

Royal Deluxe Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.3 Mil.

Royal Deluxe Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$0.5 Mil) to Mar. 2024 (HK$0.4 Mil) and declined from Mar. 2024 (HK$0.4 Mil) to Sep. 2024 (HK$0.3 Mil).

Royal Deluxe Holdings's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.0 Mil) but then increased from Mar. 2023 (HK$0.0 Mil) to Mar. 2024 (HK$0.4 Mil).

Royal Deluxe Holdings Long-Term Capital Lease Obligation Historical Data

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

Royal Deluxe Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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2.21

0.20

0.40

Royal Deluxe Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.53	0.40	0.26

Royal Deluxe Holdings (HKSE:03789) 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.

Royal Deluxe Holdings Long-Term Capital Lease Obligation Related Terms

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Royal Deluxe Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Royal Deluxe Holdings Ltd (HKSE:03789) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Shing Yip Street, Unit A, 22nd Floor, T G Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.royal-deluxe.com

Royal Deluxe Holdings Ltd is a subcontractor engaged in providing formwork erection as well as related ancillary services. The company also offers fit-out services. The majority of the operations of the group are located in Hong Kong and generate a majority of revenue from the provision of formwork erection and related ancillary services.

Executives

Chao Lai Heng	2201 Interest of corporation controlled by you
Wang Kei Ming	2201 Interest of corporation controlled by you
Wang K M Limited	2101 Beneficial owner

Royal Deluxe Holdings Headlines

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