China Hongqiao Group (HKSE:01378) Long-Term Capital Lease Obligation : HK$1,003 Mil (As of Dec. 2023)

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

China Hongqiao Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,003 Mil.

China Hongqiao Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$58 Mil) to Jun. 2023 (HK$643 Mil) and increased from Jun. 2023 (HK$643 Mil) to Dec. 2023 (HK$1,003 Mil).

China Hongqiao Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$63 Mil) to Dec. 2022 (HK$58 Mil) but then increased from Dec. 2022 (HK$58 Mil) to Dec. 2023 (HK$1,003 Mil).

China Hongqiao Group Long-Term Capital Lease Obligation Historical Data

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

China Hongqiao Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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68.83

69.48

62.89

57.80

1,002.67

China Hongqiao Group 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															62.89	67.38	57.80	643.42	1,002.67

China Hongqiao Group (HKSE:01378) 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 Hongqiao Group (HKSE:01378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Hongqiao Group Ltd (HKSE:01378) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CHHQF:USA H0Q:Germany

Address

Huixian One Road, Zouping Economic Development District, Shandong Province, Zouping, CHN, 256200

Website

http://www.hongqiaochina.com

China Hongqiao Group Ltd manufactures and sells aluminum products. Its products include molten aluminum alloy, aluminum alloy ingots, aluminum busbars, aluminum alloy processing products, and alumina products. The company has the manufacturing and sale of aluminum products segment. The company's geographical segments are China, India, Europe, Malaysia, and others, out of which China accounts for the majority of the revenue.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Cti Capital Management Limited	2101 Beneficial owner
China Hongqiao Holdings Limited
Shiping Prosperity Private Trust Company
Zhang Bo
Zhang Hongxia
Zhang Yanhong
Zhang Shiping
Zheng Shuliang
Zhong Xin Xin Hui Guo Ji Zi Ben You Xian Gong Si

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