Hans Energy Co (HKSE:00554) Long-Term Capital Lease Obligation : HK$23.2 Mil (As of Dec. 2023)

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What is Hans Energy Co Long-Term Capital Lease Obligation?

Hans Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$23.2 Mil.

Hans Energy Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$27.6 Mil) to Jun. 2023 (HK$24.6 Mil) and declined from Jun. 2023 (HK$24.6 Mil) to Dec. 2023 (HK$23.2 Mil).

Hans Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$23.6 Mil) to Dec. 2022 (HK$27.6 Mil) but then declined from Dec. 2022 (HK$27.6 Mil) to Dec. 2023 (HK$23.2 Mil).

Hans Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hans Energy 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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Hans Energy Co Long-Term Capital Lease Obligation Chart

Hans Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.89

27.31

23.56

27.57

23.16

Hans Energy 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															23.56	24.04	27.57	24.60	23.16

Hans Energy Co (HKSE:00554) 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.

Hans Energy Co Long-Term Capital Lease Obligation Related Terms

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Hans Energy Co (HKSE:00554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hans Energy Co Ltd (HKSE:00554) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

25 Harbour Road, Unit 2608, 26th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.hansenergy.com

Hans Energy Co Ltd is an operator in the provision of terminal and storage facilities and services for liquid petrochemical products in South China. The company provides integrated facilities of jetties, storage tanks, warehousing, and logistics services. Its reporting segments are Trading, Terminal storage, and Retail. It derives key revenue from the Trading segment which represents the group's trading of oil and petrochemical products business carried out in the PRC and Hong Kong.

Executives

An David	2101 Beneficial owner
Julius Baer Family Office & Trust Ltd.
Vand Petro-chemicals (bvi) Company Ltd.	2101 Beneficial owner
Extreme Wise Investments Limited	2101 Beneficial owner

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