Silk Road Logistics Holdings (HKSE:00988) Long-Term Capital Lease Obligation : HK$11.60 Mil (As of Jun. 2023)

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What is Silk Road Logistics Holdings Long-Term Capital Lease Obligation?

Silk Road Logistics Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$11.60 Mil.

Silk Road Logistics Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (HK$12.87 Mil) to Dec. 2022 (HK$12.27 Mil) and declined from Dec. 2022 (HK$12.27 Mil) to Jun. 2023 (HK$11.60 Mil).

Silk Road Logistics Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$13.53 Mil) to Dec. 2021 (HK$13.42 Mil) and declined from Dec. 2021 (HK$13.42 Mil) to Dec. 2022 (HK$12.27 Mil).

Silk Road Logistics Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Silk Road Logistics 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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Silk Road Logistics Holdings Long-Term Capital Lease Obligation Chart

Silk Road Logistics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.19

13.53

13.42

12.27

11.70

Silk Road Logistics 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															13.42	12.87	12.27	11.60	11.70

Silk Road Logistics Holdings (HKSE:00988) 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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Silk Road Logistics Holdings (HKSE:00988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Silk Road Logistics Holdings Ltd (HKSE:00988) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Gloucester Road, Room 1702, 17th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.silkroadlogistics.com.hk

Silk Road Logistics Holdings Ltd is an Investment Holding company. It operates through three segments namely the Commodities trading segment which is engaged in the trading of commodities; the Oil segment which operates in the exploration and production of oil as well as the provision of well-drilling services; and the Logistics segment is involved in the provision of transportation and warehousing services. The company generates the majority of its revenue from the People's Republic of China.

Silk Road Logistics Holdings (HKSE:00988) Headlines

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