Hailiang Education Group (Hailiang Education Group) Long-Term Capital Lease Obligation : $4.8 Mil (As of Jun. 2021)

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What is Hailiang Education Group Long-Term Capital Lease Obligation?

Hailiang Education Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $4.8 Mil.

Hailiang Education Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 ($3.4 Mil) to Mar. 2021 ($4.7 Mil) and increased from Mar. 2021 ($4.7 Mil) to Jun. 2021 ($4.8 Mil).

Hailiang Education Group's annual Long-Term Capital Lease Obligation increased from Jun. 2019 ($0.0 Mil) to Jun. 2020 ($2.6 Mil) and increased from Jun. 2020 ($2.6 Mil) to Jun. 2021 ($4.8 Mil).

Hailiang Education Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hailiang Education 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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Hailiang Education Group Long-Term Capital Lease Obligation Chart

Hailiang Education Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

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2.65

4.75

Hailiang Education Group Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.65	3.34	3.38	4.68	4.75

Hailiang Education Group (NAS:HLG) 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.

Hailiang Education Group Long-Term Capital Lease Obligation Related Terms

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Hailiang Education Group (Hailiang Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Hailiang Education Group Inc (NAS:HLG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1508 Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hailiangeducation.com

Hailiang Education Group Inc provides educational services in China. It offers basic educational and international programs for kindergarten, primary, middle, and high school levels. The company educates students according to their aptitudes, devoting to improve students study ability, cultural accomplishments, and international perspectives. Multilingual teaching is available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, and French. Its operating segment includes K-12 educational and management services; Educational training services and others. The company generates maximum revenue from the K-12 educational and management services segment.