The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Long-Term Capital Lease Obligation : $331 Mil (As of Dec. 2023)

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What is The Hongkong and Shanghai Hotels Long-Term Capital Lease Obligation?

The Hongkong and Shanghai Hotels's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $331 Mil.

The Hongkong and Shanghai Hotels's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($337 Mil) to Jun. 2023 ($326 Mil) but then increased from Jun. 2023 ($326 Mil) to Dec. 2023 ($331 Mil).

The Hongkong and Shanghai Hotels's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($377 Mil) to Dec. 2022 ($337 Mil) and declined from Dec. 2022 ($337 Mil) to Dec. 2023 ($331 Mil).

The Hongkong and Shanghai Hotels Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Hongkong and Shanghai Hotels'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.

* Premium members only.

The Hongkong and Shanghai Hotels Long-Term Capital Lease Obligation Chart

The Hongkong and Shanghai Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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385.16

402.87

376.97

337.43

330.87

The Hongkong and Shanghai Hotels Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															376.97	336.52	337.43	326.44	330.87

The Hongkong and Shanghai Hotels (OTCPK:HKSHF) 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.

The Hongkong and Shanghai Hotels Long-Term Capital Lease Obligation Related Terms

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The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Hongkong and Shanghai Hotels Ltd (OTCPK:HKSHF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HKSHY:USA 00045:Hong Kong HSG:Germany

Address

2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG

Website

https://www.hshgroup.com

The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

The Hongkong and Shanghai Hotels (The Hongkong and Shanghai Hotels) Headlines

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