Hwaxin Environmental Co (SZSE:301265) Long-Term Capital Lease Obligation : ¥8.9 Mil (As of Mar. 2024)

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What is Hwaxin Environmental Co Long-Term Capital Lease Obligation?

Hwaxin Environmental Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.9 Mil.

Hwaxin Environmental Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥8.3 Mil) to Dec. 2023 (¥8.7 Mil) and increased from Dec. 2023 (¥8.7 Mil) to Mar. 2024 (¥8.9 Mil).

Hwaxin Environmental Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4.9 Mil) to Dec. 2022 (¥11.1 Mil) but then declined from Dec. 2022 (¥11.1 Mil) to Dec. 2023 (¥8.7 Mil).

Hwaxin Environmental Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hwaxin Environmental 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.

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Hwaxin Environmental Co Long-Term Capital Lease Obligation Chart

Hwaxin Environmental Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.95

4.91

11.10

8.73

Hwaxin Environmental Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													10.43	8.32	8.35	8.73	8.95

Hwaxin Environmental Co (SZSE:301265) 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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Hwaxin Environmental Co (SZSE:301265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hwaxin Environmental Co Ltd (SZSE:301265) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 3-9, No. 4, Jingsheng North 1st Street, Jinqiao Science and Technology Industrial Base, Tongzhou Park, Zhongguancun Science and Technology, Tongzhou District, Beijing, CHN, 101102

Website

http://www.hxepd.com

Hwaxin Environmental Co Ltd is a high-tech environmental protection enterprise specializing in the recycling and disposal of solid waste. Its main business includes electronic waste dismantling, scrapped motor vehicle dismantling, waste electronic equipment recycling Utilization and disposal of hazardous waste and others.

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