Shougang Century Holdings (HKSE:00103) Long-Term Capital Lease Obligation : HK$0 Mil (As of Dec. 2023)

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What is Shougang Century Holdings Long-Term Capital Lease Obligation?

Shougang Century Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil.

Shougang Century Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0 Mil) to Jun. 2023 (HK$0 Mil) but then stayed the same from Jun. 2023 (HK$0 Mil) to Dec. 2023 (HK$0 Mil).

Shougang Century Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2 Mil) to Dec. 2022 (HK$0 Mil) and declined from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$0 Mil).

Shougang Century Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shougang Century 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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Shougang Century Holdings Long-Term Capital Lease Obligation Chart

Shougang Century Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.40

1.74

0.45

Shougang Century 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															1.74	1.10	0.45	-	-

Shougang Century Holdings (HKSE:00103) 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.

Shougang Century Holdings Long-Term Capital Lease Obligation Related Terms

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Shougang Century Holdings (HKSE:00103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Century Holdings Ltd (HKSE:00103) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CW7:Germany

Address

6 Sun Yip Street, Room 1215, 12th Floor, Honour Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.shougangcentury.com.hk

Shougang Century Holdings Ltd along with its subsidiaries is engaged in the manufacturing and sales of steel cords for radial tyres, sawing wires and hose wires. The steel cords are specifically used in radial tires. The company generates majority of its revenue from the steel cord business in China. The Group's operations are currently organized into one reportable segment which is steel cord segment.

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