Honma Golf (HKSE:06858) Long-Term Capital Lease Obligation : HK$59 Mil (As of Sep. 2023)

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What is Honma Golf Long-Term Capital Lease Obligation?

Honma Golf's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$59 Mil.

Honma Golf's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$67 Mil) to Mar. 2023 (HK$61 Mil) and declined from Mar. 2023 (HK$61 Mil) to Sep. 2023 (HK$59 Mil).

Honma Golf's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$108 Mil) to Mar. 2022 (HK$76 Mil) and declined from Mar. 2022 (HK$76 Mil) to Mar. 2023 (HK$61 Mil).

Honma Golf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Honma Golf'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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Honma Golf Long-Term Capital Lease Obligation Chart

Honma Golf Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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86.94

108.44

75.66

61.21

Honma Golf Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														85.73	75.66	66.66	61.21	59.45

Honma Golf (HKSE:06858) 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.

Honma Golf Long-Term Capital Lease Obligation Related Terms

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Honma Golf (HKSE:06858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Honma Golf Ltd (HKSE:06858) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

35th Floor, Roppongi Hills, Mori Tower, P.O. Box No. 62, 6-10-1, Roppongi, Minatoku, Tokyo, JPN

Website

https://www.honmagolf.com

Honma Golf Ltd is an investment holding company. It is engaged in the design, manufacturing, and sale of golf-related products and the rendering of services relating to such products. Geographically, it derives a majority of revenue from Japan and also has a presence in Korea, China, North America, Europe, and the Rest of the world. The group currently offers golf clubs mainly under three major product families, namely BERES, TOUR WORLD and Be ZEAL.

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