China Aerospace International Holdings (FRA:CIOC) Long-Term Capital Lease Obligation : €10.6 Mil (As of Dec. 2023)

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What is China Aerospace International Holdings Long-Term Capital Lease Obligation?

China Aerospace International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.6 Mil.

China Aerospace International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€14.4 Mil) to Jun. 2023 (€11.7 Mil) and declined from Jun. 2023 (€11.7 Mil) to Dec. 2023 (€10.6 Mil).

China Aerospace International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€7.5 Mil) to Dec. 2022 (€14.4 Mil) but then declined from Dec. 2022 (€14.4 Mil) to Dec. 2023 (€10.6 Mil).

China Aerospace International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Aerospace International 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 Aerospace International Holdings Long-Term Capital Lease Obligation Chart

China Aerospace International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.21

6.76

7.47

14.36

10.64

China Aerospace International 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															7.47	6.79	14.36	11.73	10.64

China Aerospace International Holdings (FRA:CIOC) 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 Aerospace International Holdings (FRA:CIOC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Aerospace International Holdings Ltd (FRA:CIOC) » Definitions » Long-Term Capital Lease Obligation

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00031:Hong Kong

Address

18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, HKG

Website

https://www.casil-group.com

China Aerospace International Holdings Ltd is an investment holding company engaged in the research and development, design, professional production, sales and services of the hi-tech manufacturing business such as plastic products, electronic products, power products and semiconductor products, it is also engaged in the segment like Aerospace Service Property investment. The business operation majorly functions through the region of Hong Kong.

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