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Jiashili Group (HKSE:01285) Long-Term Capital Lease Obligation : HK$52 Mil (As of Dec. 2023)


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What is Jiashili Group Long-Term Capital Lease Obligation?

Jiashili Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$52 Mil.

Jiashili Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$56 Mil) to Jun. 2023 (HK$54 Mil) and declined from Jun. 2023 (HK$54 Mil) to Dec. 2023 (HK$52 Mil).

Jiashili Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$66 Mil) to Dec. 2022 (HK$56 Mil) and declined from Dec. 2022 (HK$56 Mil) to Dec. 2023 (HK$52 Mil).


Jiashili Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jiashili Group'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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Jiashili Group Long-Term Capital Lease Obligation Chart

Jiashili Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 3.61 65.76 56.28 52.31

Jiashili Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.76 60.99 56.28 54.21 52.31

Jiashili Group  (HKSE:01285) 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.

Jiashili Group Long-Term Capital Lease Obligation Related Terms

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Jiashili Group (HKSE:01285) Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Gangkou Road, Changsha, Guangdong, Kaiping, CHN
Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.
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