Indigo Star Holdings (HKSE:08373) Long-Term Capital Lease Obligation : HK$3.5 Mil (As of Jun. 2024)

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What is Indigo Star Holdings Long-Term Capital Lease Obligation?

Indigo Star Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$3.5 Mil.

Indigo Star Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$5.3 Mil) but then declined from Dec. 2023 (HK$5.3 Mil) to Jun. 2024 (HK$3.5 Mil).

Indigo Star Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$5.8 Mil) to Dec. 2022 (HK$5.5 Mil) and declined from Dec. 2022 (HK$5.5 Mil) to Dec. 2023 (HK$5.3 Mil).

Indigo Star Holdings Long-Term Capital Lease Obligation Historical Data

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

Indigo Star Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.73

6.34

5.81

5.51

5.29

Indigo Star Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	5.34	-	5.29	3.47

Indigo Star Holdings (HKSE:08373) 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.

Indigo Star Holdings Long-Term Capital Lease Obligation Related Terms

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Indigo Star Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Indigo Star Holdings Ltd (HKSE:08373) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Upper Aljunied Link, No. 03-08 Quartz Industrial Building, Singapore, SGP, 367903

Website

https://www.indigostar.sg

Indigo Star Holdings Ltd is a subcontractor specializing in providing reinforced concrete works. The company offers structural reinforced and concrete works in general building and civil engineering works. It offers steel reinforcement works, formwork erection, and concrete works. It provides such services either individually or as a total package comprising all three, depending on the requirements of the customers. The group is involved in different types of general building and civil engineering projects, which include residential housing, offices, commercial, industrial, and institutional developments, special purpose constructions, MRT stations, and infrastructure. It has two segments Construction contract and Sales of tiles. All its revenue is derived from Singapore.

Executives

Chan Ming	2201 Interest of corporation controlled by you
Splendor Investment Limited	2101 Beneficial owner
Claudia International Limited	2101 Beneficial owner
Chan Wai Kin	2201 Interest of corporation controlled by you
Amber Capital Holdings Limited	2101 Beneficial owner
Goh Cheng Seng	2101 Beneficial owner
Tan So Kuan	2101 Beneficial owner

Indigo Star Holdings Headlines

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