Energy International Investments Holdings (HKSE:00353) Long-Term Capital Lease Obligation : HK$4.5 Mil (As of Sep. 2023)

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What is Energy International Investments Holdings Long-Term Capital Lease Obligation?

Energy International Investments Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$4.5 Mil.

Energy International Investments Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$4.3 Mil) to Mar. 2023 (HK$2.1 Mil) but then increased from Mar. 2023 (HK$2.1 Mil) to Sep. 2023 (HK$4.5 Mil).

Energy International Investments Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$6.1 Mil) to Mar. 2022 (HK$6.8 Mil) but then declined from Mar. 2022 (HK$6.8 Mil) to Mar. 2023 (HK$2.1 Mil).

Energy International Investments Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Energy International Investments Holdings'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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Energy International Investments Holdings Long-Term Capital Lease Obligation Chart

Energy International Investments Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.46

7.52

6.11

6.78

2.13

Energy International Investments Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.64	6.78	4.29	2.13	4.48

Energy International Investments Holdings (HKSE:00353) 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.

Energy International Investments Holdings Long-Term Capital Lease Obligation Related Terms

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Energy International Investments Holdings (HKSE:00353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy International Investments Holdings Ltd (HKSE:00353) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Units 4307 - 08, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://website.energyintinv.wisdomir.com/en/index.

Energy International Investments Holdings Ltd is an investment holding company. Its operating segment includes Oil and Liquefied Chemical Terminal and Insurance Brokerage Services. It generates maximum revenue from Oil and Liquefied Chemical Terminal segment. The Oil and Liquefied Chemical Terminal segment represents the business of leasing the Port and Storage Facilities. Its Insurance Brokerage Service segment represents the business of providing insurance brokerage services. It generates the majority of its revenue from PRC.

Executives

Cao Sheng	2201 Interest of corporation controlled by you
Cosmic Shine International Limited	2101 Beneficial owner
Giant Crystal Limited	2101 Beneficial owner
Liu Yong	2501 Other

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