Lingbao Gold Group Company (HKSE:03330) Long-Term Capital Lease Obligation : HK$16 Mil (As of Dec. 2023)

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What is Lingbao Gold Group Company Long-Term Capital Lease Obligation?

Lingbao Gold Group Company's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16 Mil.

Lingbao Gold Group Company's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$19 Mil) to Jun. 2023 (HK$17 Mil) and declined from Jun. 2023 (HK$17 Mil) to Dec. 2023 (HK$16 Mil).

Lingbao Gold Group Company's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$4 Mil) to Dec. 2022 (HK$19 Mil) but then declined from Dec. 2022 (HK$19 Mil) to Dec. 2023 (HK$16 Mil).

Lingbao Gold Group Company Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lingbao Gold Group Company'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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Lingbao Gold Group Company Long-Term Capital Lease Obligation Chart

Lingbao Gold Group Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.02

9.04

3.87

19.41

16.31

Lingbao Gold Group Company 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															3.87	25.08	19.41	17.16	16.31

Lingbao Gold Group Company (HKSE:03330) 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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Lingbao Gold Group Company (HKSE:03330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Company Ltd (HKSE:03330) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Company Ltd is engaged in mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

Executives

Wang Guan Ran	2201 Interest of corporation controlled by you
Da Ren Shi Ye Fa Zhan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Ding Xin Kong Gu You Xian Gong Si Qian Cheng Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Da Ren Tou Zi Guan Li Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu	2106 Person having a security interest in shares
Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Jie Si Wei Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

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