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Hong Yuan Hldg Group (Hong Yuan Hldg Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Hong Yuan Hldg Group Long-Term Capital Lease Obligation?

Hong Yuan Hldg Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Hong Yuan Hldg Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hong Yuan Hldg 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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Hong Yuan Hldg Group Long-Term Capital Lease Obligation Chart

Hong Yuan Hldg Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Hong Yuan Hldg Group Quarterly Data
Dec12 Mar13 Jun13 Sep13 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Hong Yuan Hldg Group  (OTCPK:HGYN) 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.

Hong Yuan Hldg Group Long-Term Capital Lease Obligation Related Terms

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Hong Yuan Hldg Group (Hong Yuan Hldg Group) Business Description

Traded in Other Exchanges
N/A
Address
Zhengbian Road, Room 2707, Global Mansion, Jinhui District, Henan Province, Zhengzhou, CHN, 450000
Hong Yuan Hldg Group, formerly Cereplast Inc is a shell company.
Executives
Kelvin T Okamoto officer: Chief Technology Officer 2213 KILLION AVENUE, SEYMOUR IN 47274
Michael Okada officer: See Remarks 300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Frederic Scheer director, 10 percent owner, officer: President & CEO 3421-3433 WEST EL SEGUNDO BOULEVARD, HAWTHORNE CA 90250
Franklin L Hunt director 300 N CONTINENTAL BLVD, SUITE 100, EL SEGUNDO CA 90245
Steve Hanni director
Mark Barton officer: Senior V.P. - Manufacturing 3421-3433 EL SEGUNDO BLVD., HAWTHORNE CA 90250
Heather E Sheehan officer: V.P., Chief Accounting Officer 3411 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
Jacques Vincent director 3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
Petros Kitsos director 1901 AVENUE OF THE STARS, SUITE 200, LOS ANGELES CA 90067
Margaret Mcmurray officer: Chief Administrative Officer 3421-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
Thomas Bash officer: V.P. Process & Engineering 3421-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
Shriram Bagrodia officer: Sr.V.P. R&D Blends & Chemistry 3421-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
Randy Woelfel officer: President & COO 3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
William E Kelly officer: Sr. V.P. - Technology 3421-3433 WEST EL SEGUNDO BOULEVARD, HAWTHORNE CA 90250
Charles Hoop officer: Chief Operating Officer 3421-3433 WEST EL SEGUNDO BOULEVARD, HAWTHORNE CA 90250

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