China Dredging Environment Protection Holdings (HKSE:00871) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Dec. 2023)

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What is China Dredging Environment Protection Holdings Long-Term Capital Lease Obligation?

China Dredging Environment Protection Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.4 Mil.

China Dredging Environment Protection Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.6 Mil) to Jun. 2023 (HK$0.6 Mil) and declined from Jun. 2023 (HK$0.6 Mil) to Dec. 2023 (HK$0.4 Mil).

China Dredging Environment Protection Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.6 Mil) to Dec. 2022 (HK$0.6 Mil) and declined from Dec. 2022 (HK$0.6 Mil) to Dec. 2023 (HK$0.4 Mil).

China Dredging Environment Protection Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Dredging Environment Protection 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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China Dredging Environment Protection Holdings Long-Term Capital Lease Obligation Chart

China Dredging Environment Protection Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.97

2.20

0.64

0.38

China Dredging Environment Protection Holdings 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															0.64	0.19	0.64	0.61	0.38

China Dredging Environment Protection Holdings (HKSE:00871) 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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China Dredging Environment Protection Holdings (HKSE:00871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Dredging Environment Protection Holdings Ltd (HKSE:00871) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Xindu West Road, 7th Floor, Shengzhou Tower, Yandu District, Jiangsu Province, Yancheng, CHN

Website

http://www.cdep.com.hk

China Dredging Environment Protection Holdings Ltd is engaged in the business of dredging services which can be divided into four segments namely, Capital and Reclamation Dredging business, Environmental Protection Dredging and Water Management business, Property Management Business, and Other Marine Business. It generates maximum revenue from the Other Marine Business segment which comprises marine hoisting, installation, salvaging, vessel chartering, and other engineering services provided by the company. Geographically, it derives the majority of revenue from the People's Republic of China.

Executives

Wangji Limited
Yuan Xiangbing
Liu Kaijin	2101 Beneficial owner
Zhou Shuhua	2202 Interest of your spouse
Guotai Junan International Holdings Limited
Guotai Junan Securities Co., Ltd
Yong Shi Ting Shana	2101 Beneficial owner
Luck Morgan Investment Limited
Jiang Su Bai Si Te Huan Jing Gong Cheng You Xian Gong Si

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