Miramar Hospitality Co (ROCO:2730) Long-Term Capital Lease Obligation : NT$466.8 Mil (As of Jun. 2023)

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What is Miramar Hospitality Co Long-Term Capital Lease Obligation?

Miramar Hospitality Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was NT$466.8 Mil.

Miramar Hospitality Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (NT$478.1 Mil) to Dec. 2022 (NT$482.4 Mil) but then declined from Dec. 2022 (NT$482.4 Mil) to Jun. 2023 (NT$466.8 Mil).

Miramar Hospitality Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (NT$513.0 Mil) to Dec. 2021 (NT$501.4 Mil) and declined from Dec. 2021 (NT$501.4 Mil) to Dec. 2022 (NT$482.4 Mil).

Miramar Hospitality Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Miramar Hospitality Co'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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Miramar Hospitality Co Long-Term Capital Lease Obligation Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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2.81

518.63

513.03

501.41

482.44

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															496.89	501.41	478.09	482.44	466.84

Miramar Hospitality Co (ROCO:2730) 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.

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Miramar Hospitality Co (ROCO:2730) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

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