Continental Aerospace Technologies Holding (HKSE:00232) Long-Term Capital Lease Obligation : HK$281 Mil (As of Dec. 2024)

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What is Continental Aerospace Technologies Holding Long-Term Capital Lease Obligation?

Continental Aerospace Technologies Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$281 Mil.

Continental Aerospace Technologies Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$282 Mil) to Jun. 2024 (HK$280 Mil) but then increased from Jun. 2024 (HK$280 Mil) to Dec. 2024 (HK$281 Mil).

Continental Aerospace Technologies Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$287 Mil) to Dec. 2023 (HK$282 Mil) and declined from Dec. 2023 (HK$282 Mil) to Dec. 2024 (HK$281 Mil).

Continental Aerospace Technologies Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Continental Aerospace Technologies Holding'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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Continental Aerospace Technologies Holding Long-Term Capital Lease Obligation Chart

Continental Aerospace Technologies Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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309.59

304.49

286.70

282.20

280.66

Continental Aerospace Technologies Holding Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															286.70	283.27	282.20	280.40	280.66

Continental Aerospace Technologies Holding (HKSE:00232) 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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Continental Aerospace Technologies Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Continental Aerospace Technologies Holding Ltd (HKSE:00232) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTQ0:Germany

Address

95 Queensway, Unit B, 15th Floor, United Centre, Hong Kong, HKG

Website

https://www.avic.com.hk

Continental Aerospace Technologies Holding Ltd, formerly AVIC International Holding (HK) Ltd is a diversified company based in Hong Kong. It is engaged in the general aviation aircraft piston engine business, which engages in the design, development and production of general aviation aircraft piston engines and spare parts as well as the provision of aftermarket services and support for piston engines. The company generates majority of the revenue from United States.

Executives

Avic Innovation Holding Limited	2201 Interest of corporation controlled by you
Aviation Industry Corporation Of China, Ltd	2201 Interest of corporation controlled by you
Avic International Holding Corporation	2201 Interest of corporation controlled by you

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