Chinney Alliance Group (HKSE:00385) Long-Term Capital Lease Obligation : HK$52 Mil (As of Dec. 2023)

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What is Chinney Alliance Group Long-Term Capital Lease Obligation?

Chinney Alliance Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$52 Mil.

Chinney Alliance Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$52 Mil) to Jun. 2023 (HK$53 Mil) but then declined from Jun. 2023 (HK$53 Mil) to Dec. 2023 (HK$52 Mil).

Chinney Alliance Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$58 Mil) to Dec. 2022 (HK$52 Mil) and declined from Dec. 2022 (HK$52 Mil) to Dec. 2023 (HK$52 Mil).

Chinney Alliance Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chinney Alliance 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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Chinney Alliance Group Long-Term Capital Lease Obligation Chart

Chinney Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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58.76

59.72

58.07

52.43

51.71

Chinney Alliance Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															58.07	57.77	52.43	52.66	51.71

Chinney Alliance Group (HKSE:00385) 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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Chinney Alliance Group (HKSE:00385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

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