China Communications Services (HKSE:00552) Long-Term Capital Lease Obligation : HK$1,125 Mil (As of Dec. 2023)

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What is China Communications Services Long-Term Capital Lease Obligation?

China Communications Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,125 Mil.

China Communications Services's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,191 Mil) to Jun. 2023 (HK$1,121 Mil) but then increased from Jun. 2023 (HK$1,121 Mil) to Dec. 2023 (HK$1,125 Mil).

China Communications Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,313 Mil) to Dec. 2022 (HK$1,191 Mil) and declined from Dec. 2022 (HK$1,191 Mil) to Dec. 2023 (HK$1,125 Mil).

China Communications Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Communications Services'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 Communications Services Long-Term Capital Lease Obligation Chart

China Communications Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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767.99

911.20

1,312.56

1,191.41

1,125.36

China Communications Services 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															1,312.56	1,439.20	1,191.41	1,121.00	1,125.36

China Communications Services (HKSE:00552) 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.

China Communications Services Long-Term Capital Lease Obligation Related Terms

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China Communications Services (HKSE:00552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Communications Services Corp Ltd (HKSE:00552) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CUCSF:USA CMW:Germany

Address

Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinaccs.com.hk

China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Kopernik Global Investors Llc	2102 Investment manager
Citigroup Inc.	2502 Approved lending agent
Hermes Investment Management Ltd	2102 Investment manager

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