Top Standard (HKSE:08510) Long-Term Capital Lease Obligation : HK$3.50 Mil (As of Dec. 2024)

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What is Top Standard Long-Term Capital Lease Obligation?

Top Standard's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$3.50 Mil.

Top Standard's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$3.72 Mil) to Jun. 2024 (HK$4.40 Mil) but then declined from Jun. 2024 (HK$4.40 Mil) to Dec. 2024 (HK$3.50 Mil).

Top Standard's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.11 Mil) to Dec. 2023 (HK$3.72 Mil) and declined from Dec. 2023 (HK$3.72 Mil) to Dec. 2024 (HK$3.50 Mil).

Top Standard Long-Term Capital Lease Obligation Historical Data

The historical data trend for Top Standard'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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Top Standard Long-Term Capital Lease Obligation Chart

Top Standard Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.58

4.59

4.11

3.72

3.50

Top Standard Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.52	-	3.72	4.40	3.50

Top Standard (HKSE:08510) 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.

Top Standard Long-Term Capital Lease Obligation Related Terms

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Top Standard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Top Standard Corp (HKSE:08510) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

87 Hung To Road, Unit 3C, 3rd Floor, Yue Xiu Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.topstandard.com.hk

Top Standard Corp is an investment holding company. Along with its subsidiaries, it is engaged in operating restaurants and bars in Hong Kong and Southeast Asia, and online sales of wines. The group has two operating and reportable segments: catering service and online sales of wines. The majority of its revenue comes from food catering services, which include food and beverages served. Geographically, the group generates maximum revenue from Malaysia, and also has a presence in Hong Kong and Singapore.

Executives

Jss Group Corporation
Chuk Stanley
Lazarus Securities Pty Ltd
Axis Motion Limited	2101 Beneficial owner
Focus Dynamics Group Berhad
Lau Wing Kee	2201 Interest of corporation controlled by you

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