Hotel Grand Central (SGX:H18) Long-Term Capital Lease Obligation : S$9.1 Mil (As of Jun. 2024)

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What is Hotel Grand Central Long-Term Capital Lease Obligation?

Hotel Grand Central's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was S$9.1 Mil.

Hotel Grand Central's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (S$9.0 Mil) to Dec. 2023 (S$9.1 Mil) and increased from Dec. 2023 (S$9.1 Mil) to Jun. 2024 (S$9.1 Mil).

Hotel Grand Central's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$4.6 Mil) to Dec. 2022 (S$9.3 Mil) but then declined from Dec. 2022 (S$9.3 Mil) to Dec. 2023 (S$9.1 Mil).

Hotel Grand Central Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hotel Grand Central'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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Hotel Grand Central Long-Term Capital Lease Obligation Chart

Hotel Grand Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.66

4.85

4.57

9.29

9.10

Hotel Grand Central 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															4.26	9.29	9.01	9.10	9.13

Hotel Grand Central (SGX:H18) 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.

Hotel Grand Central Long-Term Capital Lease Obligation Related Terms

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Hotel Grand Central Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hotel Grand Central Ltd (SGX:H18) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

22 Cavenagh Road, Singapore, SGP, 229617

Website

https://www.grandcentral.com.sg

Hotel Grand Central Ltd is a Singapore-based company that owns and operates hotels and properties. It runs its business under the brand name Grand Hotels International and Hotel Grand Chancellor across Australia and New Zealand. It operates its business in five geographic segments, namely Singapore, Malaysia, Australia, New Zealand, and China. The company earns the majority of its revenue from Australia. The Group's products and services include hotel Operations & Commercial property investments, the majority is derived from Hotel operations.

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