Northeast Electrical Development Co (HKSE:00042) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is Northeast Electrical Development Co Long-Term Capital Lease Obligation?

Northeast Electrical Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Northeast Electrical Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northeast Electrical Development 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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Northeast Electrical Development Co Long-Term Capital Lease Obligation Chart

Northeast Electrical Development Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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19.46

13.73

Northeast Electrical Development Co Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Northeast Electrical Development Co (HKSE:00042) 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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Northeast Electrical Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Northeast Electrical Development Co Ltd (HKSE:00042) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.7 Guoxing Road, Meilan District, 22nd Floor, HNA Plaza, Hainan Province, Haikou, CHN, 570203

Website

https://www.neeq.com.cn

Northeast Electrical Development Co Ltd is mainly engaged in the R&D, design, production and sales businesses of products related to power transmission and transformation equipment as well as hotel catering and accommodation services. The products offered by the company include enclosed busbars which are applied to the power system field and are used to enhance transmission capacity of power transmission lines and support transmission of the high-power electric energy.

Executives

Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si

2201 Interest of corporation controlled by you

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