COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Long-Term Capital Lease Obligation : HK$15 Mil (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) Co Long-Term Capital Lease Obligation?

COSCO SHIPPING International (Hong Kong) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15 Mil.

COSCO SHIPPING International (Hong Kong) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$7 Mil) to Jun. 2023 (HK$5 Mil) but then increased from Jun. 2023 (HK$5 Mil) to Dec. 2023 (HK$15 Mil).

COSCO SHIPPING International (Hong Kong) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$5 Mil) to Dec. 2022 (HK$7 Mil) and increased from Dec. 2022 (HK$7 Mil) to Dec. 2023 (HK$15 Mil).

COSCO SHIPPING International (Hong Kong) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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.

* Premium members only.

COSCO SHIPPING International (Hong Kong) Co Long-Term Capital Lease Obligation Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.93

6.19

4.74

6.97

15.20

COSCO SHIPPING International (Hong Kong) Co 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															4.74	6.72	6.97	4.57	15.20

COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) 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.

COSCO SHIPPING International (Hong Kong) Co Long-Term Capital Lease Obligation Related Terms

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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (HKSE:00517) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CHDGF:USA CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

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