Horizon Construction Development (FRA:B7H) Long-Term Capital Lease Obligation : €58 Mil (As of Dec. 2024)

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What is Horizon Construction Development Long-Term Capital Lease Obligation?

Horizon Construction Development's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €58 Mil.

Horizon Construction Development's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (€66 Mil) to Jun. 2024 (€74 Mil) but then declined from Jun. 2024 (€74 Mil) to Dec. 2024 (€58 Mil).

Horizon Construction Development's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€19 Mil) to Dec. 2023 (€66 Mil) but then declined from Dec. 2023 (€66 Mil) to Dec. 2024 (€58 Mil).

Horizon Construction Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Horizon Construction Development'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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Horizon Construction Development Long-Term Capital Lease Obligation Chart

Horizon Construction Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

30.54

31.49

19.31

65.93

57.80

Horizon Construction Development Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			19.31	16.65	65.93	73.86	57.80

Horizon Construction Development (FRA:B7H) 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.

Horizon Construction Development Long-Term Capital Lease Obligation Related Terms

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Horizon Construction Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon Construction Development Ltd (FRA:B7H) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HRZCF:USA 09930:Hong Kong

Address

200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN

Website

http://www.hongxinjianfa.com

Horizon Construction Development Ltd is an equipment operation service provider. The Group is committed to providing one-stop comprehensive solutions of products and services for domestic and overseas clients in the construction and industrial sectors. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Asset management and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing equipment and materials to customers and generating revenue mainly from rental fees payable by customers.

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