Flat Glass Group Co (HKSE:06865) Long-Term Capital Lease Obligation : HK$663 Mil (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Flat Glass Group Co Long-Term Capital Lease Obligation?

Flat Glass Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$663 Mil.

Flat Glass Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$0 Mil) to Dec. 2023 (HK$589 Mil) and increased from Dec. 2023 (HK$589 Mil) to Mar. 2024 (HK$663 Mil).

Flat Glass Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$13 Mil) to Dec. 2022 (HK$13 Mil) but then increased from Dec. 2022 (HK$13 Mil) to Dec. 2023 (HK$589 Mil).

Flat Glass Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flat Glass Group Co'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.

* Premium members only.

Flat Glass Group Co Long-Term Capital Lease Obligation Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

12.26

13.64

13.32

588.72

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	12.97	-	588.72	663.26

Flat Glass Group Co (HKSE:06865) 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.

Flat Glass Group Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Flat Glass Group Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Flat Glass Group Co (HKSE:06865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (HKSE:06865) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Fidelity Investment Trust	2101 Beneficial owner
Ubs Group Ag	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Bank Of America Corporation	2201 Interest of corporation controlled by you
Zhu Que Ji Jin Guan Li You Xian Gong Si	2401 A concert party to an agreement to buy shares
Schroders Plc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Public Investment Fund	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Pacific Asset Management Co., Ltd.	2102 Investment manager

Flat Glass Group Co (HKSE:06865) Headlines

No Headlines