China Education Group Holdings (HKSE:00839) Long-Term Capital Lease Obligation : HK$50 Mil (As of Aug. 2023)

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What is China Education Group Holdings Long-Term Capital Lease Obligation?

China Education Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$50 Mil.

China Education Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (HK$77 Mil) to Feb. 2023 (HK$62 Mil) and declined from Feb. 2023 (HK$62 Mil) to Aug. 2023 (HK$50 Mil).

China Education Group Holdings's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (HK$100 Mil) to Aug. 2022 (HK$77 Mil) and declined from Aug. 2022 (HK$77 Mil) to Aug. 2023 (HK$50 Mil).

China Education Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Education Group Holdings'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 Education Group Holdings Long-Term Capital Lease Obligation Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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96.18

99.74

77.30

49.67

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												99.74	99.47	77.30	61.97	49.67

China Education Group Holdings (HKSE:00839) 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 Education Group Holdings Long-Term Capital Lease Obligation Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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