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E&P Global Holdings (HKSE:01142) Long-Term Capital Lease Obligation : HK$0.4 Mil (As of Sep. 2023)


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What is E&P Global Holdings Long-Term Capital Lease Obligation?

E&P Global Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.4 Mil.

E&P Global Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.7 Mil) but then declined from Mar. 2023 (HK$0.7 Mil) to Sep. 2023 (HK$0.4 Mil).

E&P Global Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0.4 Mil) to Mar. 2022 (HK$0.0 Mil) but then increased from Mar. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$0.7 Mil).


E&P Global Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for E&P Global 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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E&P Global Holdings Long-Term Capital Lease Obligation Chart

E&P Global Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.04 0.43 - 0.67

E&P Global Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 - 0.04 0.67 0.35

E&P Global Holdings  (HKSE:01142) 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.

E&P Global Holdings Long-Term Capital Lease Obligation Related Terms

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E&P Global Holdings (HKSE:01142) Business Description

Industry
Traded in Other Exchanges
N/A
Address
414 - 424 Jaffe Road, Units A & B, 15th Floor, Chinaweal Centre, Causeway Bay, Hong Kong, HKG
E&P Global Holdings Ltd, formerly Siberian Mining Group Co Ltd is an investment holding company. The company operates in two segments namely, the Mining segment which involves holding mining and exploration rights of coal mines in Russia; and Trading segment which involves the sales of diesel, gasoline and other products in Korea. It derives key revenue from the Trading segment. Geographically, the group's has operations in Hong Kong, Russia and Korea.
Executives
Cheon Ji In M Partners Co Ltd 2201 Interest of corporation controlled by you
Space Hong Kong Enterprise Limited 2101 Beneficial owner
Onface Co., Limited 2101 Beneficial owner
Park Kyung Hyun 2201 Interest of corporation controlled by you

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