Shanghai Industrial Holdings (Shanghai Industrial Holdings) Long-Term Capital Lease Obligation : $14 Mil (As of Dec. 2023)

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What is Shanghai Industrial Holdings Long-Term Capital Lease Obligation?

Shanghai Industrial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14 Mil.

Shanghai Industrial Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($16 Mil) to Jun. 2023 ($12 Mil) but then increased from Jun. 2023 ($12 Mil) to Dec. 2023 ($14 Mil).

Shanghai Industrial Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($19 Mil) to Dec. 2022 ($16 Mil) and declined from Dec. 2022 ($16 Mil) to Dec. 2023 ($14 Mil).

Shanghai Industrial Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Industrial 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.

* Premium members only.

Shanghai Industrial Holdings Long-Term Capital Lease Obligation Chart

Shanghai Industrial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.57

41.00

19.06

16.06

14.26

Shanghai Industrial 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															19.06	16.94	16.06	11.96	14.26

Shanghai Industrial Holdings (OTCPK:SGHIF) 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.

Shanghai Industrial Holdings Long-Term Capital Lease Obligation Related Terms

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Shanghai Industrial Holdings (Shanghai Industrial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Industrial Holdings Ltd (OTCPK:SGHIF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SGHIY:USA 00363:Hong Kong SGI:Germany

Address

39 Gloucester Road, Wanchai, 26th Floor, Harcourt House, Hong Kong, HKG

Website

http://www.sihl.com.hk

Shanghai Industrial Holdings Ltd is engaged in the real estate sector. It operates in three segments: Infrastructure facilities, which include investment in toll road projects and water-related businesses; Real estate, which is into property development & investment and hotel operation; and Consumer Products, which manufactures and sells cigarettes, packaging materials, and printed products. Its geographical segments are China, Asia, Hong Kong, and others, of which most of its revenue comes from China.

Shanghai Industrial Holdings (Shanghai Industrial Holdings) Headlines

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Unraveling the Dividend Story of Shanghai Industrial Holdings Ltd (SGHIF)

By GuruFocus Research • 09-22-2023