Xinyi Solar Holdings (HKSE:00968) Long-Term Capital Lease Obligation : HK$925 Mil (As of Dec. 2023)

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What is Xinyi Solar Holdings Long-Term Capital Lease Obligation?

Xinyi Solar Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$925 Mil.

Xinyi Solar Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$830 Mil) to Jun. 2023 (HK$967 Mil) but then declined from Jun. 2023 (HK$967 Mil) to Dec. 2023 (HK$925 Mil).

Xinyi Solar Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$794 Mil) to Dec. 2022 (HK$830 Mil) and increased from Dec. 2022 (HK$830 Mil) to Dec. 2023 (HK$925 Mil).

Xinyi Solar Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xinyi Solar 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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Xinyi Solar Holdings Long-Term Capital Lease Obligation Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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585.44

646.46

793.78

830.34

924.89

Xinyi Solar 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															793.78	820.50	830.34	966.55	924.89

Xinyi Solar Holdings (HKSE:00968) 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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Xinyi Solar Holdings (HKSE:00968) Business Description

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Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

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