China Ecotourism Group (HKSE:01371) Long-Term Capital Lease Obligation : HK$5.23 Mil (As of Dec. 2023)

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What is China Ecotourism Group Long-Term Capital Lease Obligation?

China Ecotourism Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5.23 Mil.

China Ecotourism Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3.38 Mil) to Jun. 2022 (HK$5.86 Mil) but then declined from Jun. 2022 (HK$5.86 Mil) to Dec. 2023 (HK$5.23 Mil).

China Ecotourism Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (HK$31.51 Mil) to Dec. 2020 (HK$12.26 Mil) and declined from Dec. 2020 (HK$12.26 Mil) to Dec. 2021 (HK$3.38 Mil).

China Ecotourism Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Ecotourism 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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China Ecotourism Group Long-Term Capital Lease Obligation Chart

China Ecotourism Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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31.51

12.26

3.38

China Ecotourism Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.26	1.29	3.38	5.86	5.23

China Ecotourism Group (HKSE:01371) 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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China Ecotourism Group (HKSE:01371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Ecotourism Group Ltd (HKSE:01371) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WORA:Germany

Address

39 Yip Kan Street, Unit 1801, 18th Floor, Landmark South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.ecotourgroup.com

China Ecotourism Group Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the business of the provision of technology and services for lottery systems, terminal equipment, and gaming products and their operations in China's lottery market. It offers various lottery products ranging from video lottery, computer ticket games, and KENO-type lottery. The segments of the group are Lottery systems, terminal equipment, and related products, which is the key revenue-generating segment; and Natural and health food. It has a business presence in the PRC, Hong Kong, and Others of which a majority of revenue is derived from the PRC.

Executives

China Carbon Neutral Development Group Limited	2101 Beneficial owner
Lau Ting
Cao Junsheng	2201 Interest of corporation controlled by you
Mao Yuan Capital Limited	2101 Beneficial owner
Chan Shing	2202 Interest of your spouse
Favor King Limited

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