China Graphite Group (HKSE:02237) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is China Graphite Group Long-Term Capital Lease Obligation?

China Graphite Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

China Graphite Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.2 Mil) to Jun. 2023 (HK$0.0 Mil) and declined from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

China Graphite Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.5 Mil) to Dec. 2022 (HK$0.2 Mil) and declined from Dec. 2022 (HK$0.2 Mil) to Dec. 2023 (HK$0.0 Mil).

China Graphite Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Graphite 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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China Graphite Group Long-Term Capital Lease Obligation Chart

China Graphite Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.18

1.16

0.47

0.19

China Graphite Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.47	0.13	0.19	0.03	-

China Graphite Group (HKSE:02237) 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 Graphite Group Long-Term Capital Lease Obligation Related Terms

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China Graphite Group (HKSE:02237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Graphite Group Ltd (HKSE:02237) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yanjun Farm, No. 1, Building 1, Graphite Development Zone, Luobei County, Heilongjiang Province, Hegang, CHN

Website

https://www.chinagraphite.com.hk

China Graphite Group Ltd is engaged in the production and sales of flake graphite concentrate and Sale of spherical graphite and its by-products, and unprocessed marble in China. All of the Group's activities are carried out in the People's Republic of China.

Executives

Sandy Mining Limited	2101 Beneficial owner
Zhao Liang	2201 Interest of corporation controlled by you

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