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China New Consumption Group (HKSE:08275) Long-Term Capital Lease Obligation : HK$2.2 Mil (As of Sep. 2023)


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What is China New Consumption Group Long-Term Capital Lease Obligation?

China New Consumption Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.2 Mil.

China New Consumption Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$3.2 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$2.2 Mil).

China New Consumption Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$7.1 Mil) to Mar. 2022 (HK$5.3 Mil) and declined from Mar. 2022 (HK$5.3 Mil) to Mar. 2023 (HK$3.2 Mil).


China New Consumption Group Long-Term Capital Lease Obligation Historical Data

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

China New Consumption Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 1.75 7.03 7.14 5.28 3.20

China New Consumption Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.57 - 3.20 - 2.18

China New Consumption Group  (HKSE:08275) 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 New Consumption Group Long-Term Capital Lease Obligation Related Terms

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China New Consumption Group (HKSE:08275) Business Description

Traded in Other Exchanges
N/A
Address
16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG
China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.
Executives
Wong Fei Heung Terbe 2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited 2101 Beneficial owner
Goldstone 1 Lpf 2101 Beneficial owner
Lam Yu Chor Paul 2201 Interest of corporation controlled by you
Success Run International Limited 2101 Beneficial owner
Tai Pik Yeung Tyler 2101 Beneficial owner
China New Economy Fund Limited 2101 Beneficial owner

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