Sound Global (HKSE:00967) Long-Term Capital Lease Obligation : HK$765 Mil (As of Jun. 2019)

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What is Sound Global Long-Term Capital Lease Obligation?

Sound Global's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was HK$765 Mil.

Sound Global's quarterly Long-Term Capital Lease Obligation declined from Jun. 2018 (HK$1,365 Mil) to Dec. 2018 (HK$1,052 Mil) and declined from Dec. 2018 (HK$1,052 Mil) to Jun. 2019 (HK$765 Mil).

Sound Global's annual Long-Term Capital Lease Obligation increased from Dec. 2016 (HK$927 Mil) to Dec. 2017 (HK$1,024 Mil) and increased from Dec. 2017 (HK$1,024 Mil) to Dec. 2018 (HK$1,052 Mil).

Sound Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sound Global'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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Sound Global Long-Term Capital Lease Obligation Chart

Sound Global Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

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43.42

926.77

1,023.90

1,052.03

Sound Global Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,085.24	1,023.90	1,364.76	1,052.03	765.14

Sound Global (HKSE:00967) 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.

Sound Global Long-Term Capital Lease Obligation Related Terms

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Sound Global (HKSE:00967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sound Global Ltd (HKSE:00967) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

460 Alexandra Road, Fragrance Empire Building Number 04-03, Singapore, SGP, 119962

Website

http://www.soundglobal.com.sg

Sound Global Ltd is a utilities service provider. Its business mainly involves the provision of water supply and wastewater treatment solutions. The group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It is engaged in three operating segments, namely Turnkey Projects and Services, which is the key revenue generator; Equipment Fabrications; and Operations and maintenance of water supply and wastewater treatment facilities.

Executives

Century Plus Limited	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Investment Co., Ltd.	2201 Interest of corporation controlled by you
Cui Wanlin	2201 Interest of corporation controlled by you
Jin Si Fang Investment (beijing) Company Limited	2201 Interest of corporation controlled by you
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Hainan Jianxin Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Wen Yibo	2201 Interest of corporation controlled by you
Zhang Huiming	2202 Interest of your spouse
Sound Water (bvi) Limited	2101 Beneficial owner
Changxing Sound Investment Partnership (limited Partnership)	2106 Person having a security interest in shares
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd	2201 Interest of corporation controlled by you
Shoutai Jinxin (changxing) Investment & Management Co. Ltd.	2201 Interest of corporation controlled by you

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