Qingdao Port International Co (HKSE:06198) Long-Term Capital Lease Obligation : HK$316 Mil (As of Dec. 2023)

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What is Qingdao Port International Co Long-Term Capital Lease Obligation?

Qingdao Port International Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$316 Mil.

Qingdao Port International Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$432 Mil) to Sep. 2023 (HK$420 Mil) and declined from Sep. 2023 (HK$420 Mil) to Dec. 2023 (HK$316 Mil).

Qingdao Port International Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$226 Mil) to Dec. 2022 (HK$539 Mil) but then declined from Dec. 2022 (HK$539 Mil) to Dec. 2023 (HK$316 Mil).

Qingdao Port International Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qingdao Port International 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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Qingdao Port International Co Long-Term Capital Lease Obligation Chart

Qingdao Port International Co Annual Data

Trend

Dec14

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Dec22

Dec23

Long-Term Capital Lease Obligation

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420.96

164.90

225.84

538.66

316.23

Qingdao Port International Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	538.66	432.29	420.49	316.23

Qingdao Port International Co (HKSE:06198) 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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Qingdao Port International Co (HKSE:06198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (HKSE:06198) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

Qingdao Port International Co (HKSE:06198) Headlines

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