China Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) Long-Term Capital Lease Obligation : $12.8 Mil (As of Jun. 2023)

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What is China Shuifa Singyes Energy Holdings Long-Term Capital Lease Obligation?

China Shuifa Singyes Energy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $12.8 Mil.

China Shuifa Singyes Energy Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($3.3 Mil) to Dec. 2022 ($16.6 Mil) but then declined from Dec. 2022 ($16.6 Mil) to Jun. 2023 ($12.8 Mil).

China Shuifa Singyes Energy Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($3.5 Mil) to Dec. 2021 ($2.6 Mil) but then increased from Dec. 2021 ($2.6 Mil) to Dec. 2022 ($16.6 Mil).

China Shuifa Singyes Energy Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Shuifa Singyes Energy 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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China Shuifa Singyes Energy Holdings Long-Term Capital Lease Obligation Chart

China Shuifa Singyes Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.07

3.47

2.55

16.65

9.23

China Shuifa Singyes Energy 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															2.55	3.31	16.65	12.83	9.23

China Shuifa Singyes Energy Holdings (OTCPK:CSSXF) 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 Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Shuifa Singyes Energy Holdings Ltd (OTCPK:CSSXF) » Definitions » Long-Term Capital Lease Obligation

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00750:Hong Kong

Address

168-200 Connaught Road Central, Unit 3108, 31st Floor, China Merchants Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.sfsyenergy.com

China Shuifa Singyes Energy Holdings Ltd is an investment holding company. The company is a professional renewable energy solution provider and building contractor. The principal activities of the company include design, fabrication, and installation of conventional curtain walls and solar projects. The operating segment includes Construction services, Sale of products, Sale of electricity and related tariff subsidy and Others. Majority revenue derived from Construction services segment.

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