MTR (MTRJF) Long-Term Capital Lease Obligation : $0 Mil (As of Jun. 2024)

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What is MTR Long-Term Capital Lease Obligation?

MTR's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0 Mil.

MTR's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($30 Mil) but then declined from Dec. 2023 ($30 Mil) to Jun. 2024 ($0 Mil).

MTR's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($132 Mil) to Dec. 2022 ($65 Mil) and declined from Dec. 2022 ($65 Mil) to Dec. 2023 ($30 Mil).

MTR Long-Term Capital Lease Obligation Historical Data

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

MTR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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159.01

152.22

131.56

64.74

29.71

MTR Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	64.74	-	29.71	-

MTR (OTCPK:MTRJF) 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.

MTR Long-Term Capital Lease Obligation Related Terms

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MTR Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MTR Corp Ltd (OTCPK:MTRJF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MTCPY:USA 00066:Hong Kong MRI:Germany

Address

33 Wai Yip Street, MTR Headquarters Building, GPO Box 9916, Telford Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.mtr.com.hk

MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the firm makes recurring income from commercial business within the stations. This includes rental of retail outlets and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. In a normalized environment, average operating profit is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.