China Unicom (Hong Kong) (China Unicom (Hong Kong)) Long-Term Capital Lease Obligation : $4,288 Mil (As of Dec. 2023)

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What is China Unicom (Hong Kong) Long-Term Capital Lease Obligation?

China Unicom (Hong Kong)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,288 Mil.

China Unicom (Hong Kong)'s quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4,688 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($4,288 Mil).

China Unicom (Hong Kong)'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,635 Mil) to Dec. 2022 ($5,225 Mil) but then declined from Dec. 2022 ($5,225 Mil) to Dec. 2023 ($4,288 Mil).

China Unicom (Hong Kong) Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Unicom (Hong Kong)'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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China Unicom (Hong Kong) Long-Term Capital Lease Obligation Chart

China Unicom (Hong Kong) Annual Data

Trend

Dec14

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Dec17

Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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3,070.42

2,516.78

1,635.19

5,225.27

4,287.98

China Unicom (Hong Kong) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5,225.27	4,687.77	-	4,287.98	-

China Unicom (Hong Kong) (NYSE:CHU) 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.

China Unicom (Hong Kong) Long-Term Capital Lease Obligation Related Terms

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China Unicom (Hong Kong) (China Unicom (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Unicom (Hong Kong) Ltd (NYSE:CHU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

00762:Hong Kong XCI:Germany

Address

99 Queen's Road, 75th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.chinaunicom.com.hk

China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.