Cosmopolitan International Holdings (HKSE:00120) Long-Term Capital Lease Obligation : HK$0.70 Mil (As of Dec. 2023)

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What is Cosmopolitan International Holdings Long-Term Capital Lease Obligation?

Cosmopolitan International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.70 Mil.

Cosmopolitan International Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.00 Mil) to Jun. 2023 (HK$0.90 Mil) but then declined from Jun. 2023 (HK$0.90 Mil) to Dec. 2023 (HK$0.70 Mil).

Cosmopolitan International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.20 Mil) to Dec. 2022 (HK$0.00 Mil) but then increased from Dec. 2022 (HK$0.00 Mil) to Dec. 2023 (HK$0.70 Mil).

Cosmopolitan International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cosmopolitan International Holdings'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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Cosmopolitan International Holdings Long-Term Capital Lease Obligation Chart

Cosmopolitan International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.30

0.70

0.20

0.70

Cosmopolitan International Holdings 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															0.20	-	-	0.90	0.70

Cosmopolitan International Holdings (HKSE:00120) 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.

Cosmopolitan International Holdings Long-Term Capital Lease Obligation Related Terms

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Cosmopolitan International Holdings (HKSE:00120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cosmopolitan International Holdings Ltd (HKSE:00120) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

02920:Hong Kong

Address

68 Yee Wo Street, 11th Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.cosmoholdings.com

Cosmopolitan International Holdings Ltd is a real estate company. The company's operating segment includes Property development and investment and Financial assets investments. It generates maximum revenue from the property development and investment segment which comprises the development and sale of properties as well as the leasing of properties. Geographically, it derives a majority of its revenue from Mainland China.

Executives

Lo Yuk Sui	2201 Interest of corporation controlled by you
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Cosmopolitan International Holdings (HKSE:00120) Headlines

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