Directel Holdings (HKSE:08337) Long-Term Capital Lease Obligation : HK$0.2 Mil (As of Dec. 2023)

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What is Directel Holdings Long-Term Capital Lease Obligation?

Directel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.2 Mil.

Directel Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$0.4 Mil) to Sep. 2023 (HK$0.0 Mil) but then increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.2 Mil).

Directel Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.5 Mil) to Dec. 2022 (HK$0.3 Mil) and declined from Dec. 2022 (HK$0.3 Mil) to Dec. 2023 (HK$0.2 Mil).

Directel Holdings Long-Term Capital Lease Obligation Historical Data

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

Directel Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.69

0.45

0.51

0.34

0.22

Directel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	-	0.35	-	0.22

Directel Holdings (HKSE:08337) 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.

Directel Holdings Long-Term Capital Lease Obligation Related Terms

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Directel Holdings (HKSE:08337) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Directel Holdings Ltd (HKSE:08337) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.188 Connaught Road West, Office Nos.1,2,14 and 15, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.directel.hk

Directel Holdings Ltd is engaged in the provision of mobile telecommunications services and value-added services. It provides wholesale distribution business services for telecom terminals such as handsets and walkie-talkies, as well as data traffic top-up services for China and Singapore operators. The company has two operating segments: Telecommunications services; and Distribution business Distribution of mobile phones and electronic products and distribution of mobile and data top-up e-vouchers. Geographically, it operates in Hong Kong, Mainland China, and Singapore. It generates a vast majority of revenue from the distribution business in Hong Kong.

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