Euro Tech Holdings Co (Euro Tech Holdings Co) Long-Term Capital Lease Obligation : $0.14 Mil (As of Jun. 2023)

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What is Euro Tech Holdings Co Long-Term Capital Lease Obligation?

Euro Tech Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.14 Mil.

Euro Tech Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.09 Mil) and increased from Dec. 2022 ($0.09 Mil) to Jun. 2023 ($0.14 Mil).

Euro Tech Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.09 Mil) to Dec. 2021 ($0.04 Mil) but then increased from Dec. 2021 ($0.04 Mil) to Dec. 2022 ($0.09 Mil).

Euro Tech Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Euro Tech 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.

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Euro Tech Holdings Co Long-Term Capital Lease Obligation Chart

Euro Tech Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.22

0.09

0.04

0.09

Euro Tech Holdings Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	0.04	-	0.09	0.14

Euro Tech Holdings Co (NAS:CLWT) 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.

Euro Tech Holdings Co Long-Term Capital Lease Obligation Related Terms

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Euro Tech Holdings Co (Euro Tech Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Euro Tech Holdings Co Ltd (NAS:CLWT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Wong Chuk Hong Road, Unit D, 18th Floor, Room C & D, Gee Chang Hong Centre, Hong Kong, HKG

Website

https://www.euro-tech.com

Euro Tech Holdings Co Ltd is a distributor and manufacturer of technology instruments as well as an environmental engineering services provider. It is engaged in the marketing and trading of water and wastewater related process control, analytical and testing instruments, disinfection equipment, supplies, and related automation systems. There are two operating segments of the company. The Trading and manufacturing segment, which is the key revenue driver, includes distribution of water treatment equipment, laboratory instruments, analyzers, test kits, and related supplies and power generation equipment. The Engineering segment includes water and waste-water treatment engineering and air pollution control business. The majority of the revenue is generated from Hong Kong.