China Merchants Port Holdings Co (China Merchants Port Holdings Co) Long-Term Capital Lease Obligation : $117 Mil (As of Jun. 2023)

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What is China Merchants Port Holdings Co Long-Term Capital Lease Obligation?

China Merchants Port Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $117 Mil.

China Merchants Port Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($116 Mil) to Dec. 2022 ($114 Mil) but then increased from Dec. 2022 ($114 Mil) to Jun. 2023 ($117 Mil).

China Merchants Port Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($114 Mil) to Dec. 2021 ($114 Mil) but then increased from Dec. 2021 ($114 Mil) to Dec. 2022 ($114 Mil).

China Merchants Port Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Merchants Port Holdings 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.

* Premium members only.

China Merchants Port Holdings Co Long-Term Capital Lease Obligation Chart

China Merchants Port Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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117.62

114.30

113.60

113.67

140.08

China Merchants Port Holdings Co 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															113.60	116.46	113.67	117.07	140.08

China Merchants Port Holdings Co (OTCPK:CMHHY) 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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China Merchants Port Holdings Co (China Merchants Port Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Merchants Port Holdings Co Ltd (OTCPK:CMHHY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CMHHF:USA 00144:Hong Kong CPM:Germany

Address

168-200 Connaught Road Central, 38th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.cmport.com.hk

China Merchants Port Holdings Co Ltd is a port operator. It has a geographically diversified port network stretching across China's coastline, as well as growing exposure in overseas ports. The company also provides bonded logistic park operation, along with property development through its associates and joint-controlled entities. Its operating segment includes Ports operation and Other operations. The company generates maximum revenue from the Ports operation segment.

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