Royal Century Resources Holdings (HKSE:08125) Long-Term Capital Lease Obligation : HK$0.96 Mil (As of Sep. 2023)

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What is Royal Century Resources Holdings Long-Term Capital Lease Obligation?

Royal Century Resources Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.96 Mil.

Royal Century Resources Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$2.63 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.96 Mil).

Royal Century Resources Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$7.70 Mil) to Mar. 2022 (HK$8.72 Mil) but then declined from Mar. 2022 (HK$8.72 Mil) to Mar. 2023 (HK$2.63 Mil).

Royal Century Resources Holdings Long-Term Capital Lease Obligation Historical Data

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

Royal Century Resources Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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13.57

7.70

8.72

2.63

Royal Century Resources Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.22	-	2.63	-	0.96

Royal Century Resources Holdings (HKSE:08125) 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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Royal Century Resources Holdings (HKSE:08125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Royal Century Resources Holdings Ltd (HKSE:08125) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

26 Harbour Road, Suite 2201, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.royalcentury.hk

Royal Century Resources Holdings Ltd is a Hong Kong-based investment holding company. The company is principally engaged in the provision of fitting out and engineering services, design and procurement of furnishings and related products services, leasing of construction equipment, sourcing and merchandising of fine and rare wines, and provision of financial services. The company earns the majority of its revenue from design, fitting out, and engineering services. The group's operations are located in Hong Kong, and the PRC, of which the main revenue is generated from Hong Kong.

Executives

Zhao Chuanrong	2101 Beneficial owner
Max Premier Limited	2101 Beneficial owner
Hong Kong Chaoshang Group Limited	2101 Beneficial owner

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