Asia Cement (China) Holdings (HKSE:00743) Long-Term Capital Lease Obligation : HK$98 Mil (As of Dec. 2023)

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What is Asia Cement (China) Holdings Long-Term Capital Lease Obligation?

Asia Cement (China) Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$98 Mil.

Asia Cement (China) Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$102 Mil) to Sep. 2023 (HK$98 Mil) but then increased from Sep. 2023 (HK$98 Mil) to Dec. 2023 (HK$98 Mil).

Asia Cement (China) Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$116 Mil) to Dec. 2022 (HK$99 Mil) and declined from Dec. 2022 (HK$99 Mil) to Dec. 2023 (HK$98 Mil).

Asia Cement (China) Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Cement (China) 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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Asia Cement (China) Holdings Long-Term Capital Lease Obligation Chart

Asia Cement (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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106.85

116.68

116.27

99.13

98.37

Asia Cement (China) Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															99.13	101.57	98.01	98.37	-

Asia Cement (China) Holdings (HKSE:00743) 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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Asia Cement (China) Holdings (HKSE:00743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement (China) Holdings Corp (HKSE:00743) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4OJ:Germany

Address

No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207

Website

http://www.achc.com.cn

Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.

Executives

Asia Cement Corporation
Far Eastern New Century Corporation

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