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China Cinda Asset Management Co (China Cinda Asset Management Co) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)


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What is China Cinda Asset Management Co Long-Term Capital Lease Obligation?

China Cinda Asset Management Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.


China Cinda Asset Management Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Cinda Asset Management 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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China Cinda Asset Management Co Long-Term Capital Lease Obligation Chart

China Cinda Asset Management Co Annual Data
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Long-Term Capital Lease Obligation
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China Cinda Asset Management Co Semi-Annual Data
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China Cinda Asset Management Co  (OTCPK:CCGDF) 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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China Cinda Asset Management Co (China Cinda Asset Management Co) Business Description

Traded in Other Exchanges
Address
9 Naoshikou Street, No.1 Building, Xicheng District, Beijing, CHN, 100031
China Cinda Asset Management Co Ltd is an asset management firm with operations in mainland China and Hong Kong. Its parent company was founded with approval from the State Council, with the intent of instituting reforms of state-owned banks. Its principal business segments include primarily Distressed asset management and, secondarily, Financial services. The company has a wide presence throughout the Chinese provinces and operates a few Tier 1 entities. Most of its income is derived from the distressed asset management business segment that comprise debt asset management conducted with respect to distressed assets, DES Assets management, other distressed asset management, and entrusted operation businesses.

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