China New Higher Education Group (FRA:8CN) Long-Term Capital Lease Obligation : €0.1 Mil (As of Feb. 2024)

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

China New Higher Education Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0.1 Mil.

China New Higher Education Group's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (€0.9 Mil) to Aug. 2023 (€0.4 Mil) and declined from Aug. 2023 (€0.4 Mil) to Feb. 2024 (€0.1 Mil).

China New Higher Education Group's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (€0.2 Mil) to Aug. 2022 (€1.2 Mil) but then declined from Aug. 2022 (€1.2 Mil) to Aug. 2023 (€0.4 Mil).

China New Higher Education Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China New Higher 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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China New Higher Education Group Long-Term Capital Lease Obligation Chart

China New Higher Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Aug24

Long-Term Capital Lease Obligation

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0.73

0.21

1.18

0.42

0.17

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														1.18	0.89	0.42	0.11	0.17

China New Higher Education Group (FRA:8CN) 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 New Higher Education Group Long-Term Capital Lease Obligation Related Terms

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China New Higher Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (FRA:8CN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

02001:Hong Kong 8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 139,000 for the academic year 2024/25. CNHE currently operates eight schools, up from only two schools in 2016.

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