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REPT BATTERO Energy Co (HKSE:00666) Long-Term Capital Lease Obligation : HK$24 Mil (As of Dec. 2023)


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What is REPT BATTERO Energy Co Long-Term Capital Lease Obligation?

REPT BATTERO Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$24 Mil.

REPT BATTERO Energy Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$26 Mil) to Jun. 2023 (HK$22 Mil) but then increased from Jun. 2023 (HK$22 Mil) to Dec. 2023 (HK$24 Mil).

REPT BATTERO Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$33 Mil) to Dec. 2022 (HK$26 Mil) and declined from Dec. 2022 (HK$26 Mil) to Dec. 2023 (HK$24 Mil).


REPT BATTERO Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for REPT BATTERO Energy 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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REPT BATTERO Energy Co Long-Term Capital Lease Obligation Chart

REPT BATTERO Energy Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
37.62 32.83 25.83 23.58

REPT BATTERO Energy Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 32.83 - 25.83 21.74 23.58

REPT BATTERO Energy Co  (HKSE:00666) 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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REPT BATTERO Energy Co (HKSE:00666) Business Description

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Traded in Other Exchanges
Address
Binhai 6th Road, Room A205, Building C No. 205, Airport New Area, Longwan District, Zhejiang, Wenzhou, CHN
REPT BATTERO Energy Co Ltd is a lithium-ion battery manufacturer company in China. It focuses on the research & development, production, and sales of EV and ESS lithium-ion battery products including battery cells, modules, and packs (including battery boxes, battery racks, and energy storage containers for ESS packs). Its segment includes the sale of EV battery products, ESS battery products, wastes, battery components, and R&D services.

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