Sino Oil and Gas Holdings (HKSE:00702) Long-Term Capital Lease Obligation : HK$1.9 Mil (As of Dec. 2023)

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What is Sino Oil and Gas Holdings Long-Term Capital Lease Obligation?

Sino Oil and Gas Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.9 Mil.

Sino Oil and Gas Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.2 Mil) to Jun. 2023 (HK$0.1 Mil) but then increased from Jun. 2023 (HK$0.1 Mil) to Dec. 2023 (HK$1.9 Mil).

Sino Oil and Gas Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.8 Mil) to Dec. 2022 (HK$0.2 Mil) but then increased from Dec. 2022 (HK$0.2 Mil) to Dec. 2023 (HK$1.9 Mil).

Sino Oil and Gas Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino Oil and Gas 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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Sino Oil and Gas Holdings Long-Term Capital Lease Obligation Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.34

0.50

0.81

0.20

1.93

Sino Oil and Gas 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															0.81	0.49	0.20	0.12	1.93

Sino Oil and Gas Holdings (HKSE:00702) 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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Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Executives

China Lidai International Asset Investment Limited	2101 Beneficial owner
Top Resource & Lidai Investment Limited	2101 Beneficial owner
Dai Xiaobing	2201 Interest of corporation controlled by you
Tian Hao Neng Yuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Chen Jiajun
Liang Da Tou Zi You Xian Gong Si
Sino Oil And Gas Resources Limited
Lai Chun Lam
Zhang Victor Ri Chun
Zhuo Kun	2101 Beneficial owner
Zhang Yongdong	2101 Beneficial owner

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