Guodian Technology & Environment Group (HKSE:01296) Long-Term Capital Lease Obligation : HK$117 Mil (As of Dec. 2021)

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What is Guodian Technology & Environment Group Long-Term Capital Lease Obligation?

Guodian Technology & Environment Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was HK$117 Mil.

Guodian Technology & Environment Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 (HK$84 Mil) to Jun. 2021 (HK$138 Mil) but then declined from Jun. 2021 (HK$138 Mil) to Dec. 2021 (HK$117 Mil).

Guodian Technology & Environment Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (HK$109 Mil) to Dec. 2020 (HK$84 Mil) but then increased from Dec. 2020 (HK$84 Mil) to Dec. 2021 (HK$117 Mil).

Guodian Technology & Environment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guodian Technology & Environment 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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Guodian Technology & Environment Group Long-Term Capital Lease Obligation Chart

Guodian Technology & Environment Group Annual Data

Trend

Dec12

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Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Long-Term Capital Lease Obligation

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109.05

83.98

117.41

Guodian Technology & Environment Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															109.05	102.50	83.98	138.12	117.41

Guodian Technology & Environment Group (HKSE:01296) 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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Guodian Technology & Environment Group (HKSE:01296) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guodian Technology & Environment Group Corp Ltd (HKSE:01296) » Definitions » Long-Term Capital Lease Obligation

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Address

W.4th Ring Middle Road, Suite 1101, 11th Floor, Building 1, Yard 16, Haidian District, Beijing, CHN, 100039

Website

http://www.khjt.com.cn

Guodian Technology & Environment Group Corp Ltd together with its subsidiaries offers flagship platform for environmental protection and energy conservation solutions businesses. It operates in the following segments: Environmental Protection; Energy Conservation Solutions; Wind Power Products and Services; and All Others. The Environmental Protection segment offers environmental protection products and services which mainly consist of sulphur oxide, nitrogen oxide control technologies, rental of desulphurization and denitrification facilities. Energy Conservation Solutions segment which derives the majority of revenue covers energy-saving products and services. Wind Power Products and Services segment manufactures and sells wind turbine parts and components.

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