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China Feihe (HKSE:06186) Long-Term Capital Lease Obligation : HK$187 Mil (As of Dec. 2023)


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What is China Feihe Long-Term Capital Lease Obligation?

China Feihe's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$187 Mil.

China Feihe's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$141 Mil) to Jun. 2023 (HK$100 Mil) but then increased from Jun. 2023 (HK$100 Mil) to Dec. 2023 (HK$187 Mil).

China Feihe's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$141 Mil) to Dec. 2022 (HK$141 Mil) but then increased from Dec. 2022 (HK$141 Mil) to Dec. 2023 (HK$187 Mil).


China Feihe Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Feihe'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.

* Premium members only.

China Feihe Long-Term Capital Lease Obligation Chart

China Feihe Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 142.97 165.08 141.14 140.56 187.32

China Feihe Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 141.14 156.71 140.56 100.06 187.32

China Feihe  (HKSE:06186) 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 Feihe Long-Term Capital Lease Obligation Related Terms

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China Feihe (HKSE:06186) Business Description

Traded in Other Exchanges
Address
10 Jiuxianqiao Road, Block C, 16th Floor, Star City International Building, Chaoyang District, Beijing, CHN, 100016
Feihe is the number one infant milk formula company in China, with a premium market positioning among domestic and foreign competing brands. The company utilizes the flagship Astrobaby lineup to promote its "more suitable for Chinese babies" proposition. It has a nationwide distributor network covering maternity stores, supermarkets and traditional retailers, as well as a direct sales network in e-commerce.

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