China HK Power Smart Energy Group (HKSE:00931) Long-Term Capital Lease Obligation : HK$6.4 Mil (As of Sep. 2023)

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What is China HK Power Smart Energy Group Long-Term Capital Lease Obligation?

China HK Power Smart Energy Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6.4 Mil.

China HK Power Smart Energy Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$2.1 Mil) to Mar. 2023 (HK$1.2 Mil) but then increased from Mar. 2023 (HK$1.2 Mil) to Sep. 2023 (HK$6.4 Mil).

China HK Power Smart Energy Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$27.1 Mil) to Mar. 2022 (HK$2.6 Mil) and declined from Mar. 2022 (HK$2.6 Mil) to Mar. 2023 (HK$1.2 Mil).

China HK Power Smart Energy Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China HK Power Smart Energy 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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China HK Power Smart Energy Group Long-Term Capital Lease Obligation Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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4.74

46.47

27.15

2.63

1.16

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															18.84	2.63	2.11	1.16	6.43

China HK Power Smart Energy Group (HKSE:00931) 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 HK Power Smart Energy Group (HKSE:00931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Long-Term Capital Lease Obligation

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

Executives

Kan Che Kin Billy Albert

2101 Beneficial owner

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