i-CABLE Communications (i-CABLE Communications) Long-Term Capital Lease Obligation : $28.83 Mil (As of Dec. 2023)

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What is i-CABLE Communications Long-Term Capital Lease Obligation?

i-CABLE Communications's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.83 Mil.

i-CABLE Communications's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.00 Mil) to Jun. 2023 ($0.95 Mil) but then increased from Jun. 2023 ($0.95 Mil) to Dec. 2023 ($28.83 Mil).

i-CABLE Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.64 Mil) to Dec. 2022 ($1.00 Mil) but then increased from Dec. 2022 ($1.00 Mil) to Dec. 2023 ($28.83 Mil).

i-CABLE Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for i-CABLE Communications'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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i-CABLE Communications Long-Term Capital Lease Obligation Chart

i-CABLE Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.67

8.78

4.64

1.00

28.83

i-CABLE Communications 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															4.64	2.30	1.00	0.95	28.83

i-CABLE Communications (OTCPK:ICABF) 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.

i-CABLE Communications Long-Term Capital Lease Obligation Related Terms

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i-CABLE Communications (i-CABLE Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » i-CABLE Communications Ltd (OTCPK:ICABF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ICABY:USA 01097:Hong Kong IB5A:Germany

Address

9 Hoi Shing Road, 7th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.i-cablecomm.com

i-CABLE Communications Ltd is an investment holding company engaged in operating in two business segments; The media segment includes operations related to the television subscription business, domestic free television program service, advertising, channel carriage, television relay service, program licensing, theatrical release, and other related businesses, and The telecommunications segment includes operations related to broadband internet access services, portal operation, telephony services, network leasing, network construction, mobile service, and mobile agency service as well as other related businesses.

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