BII Railway Transportation Technology Holdings Co (HKSE:01522) Long-Term Capital Lease Obligation : HK$25 Mil (As of Dec. 2023)

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What is BII Railway Transportation Technology Holdings Co Long-Term Capital Lease Obligation?

BII Railway Transportation Technology Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$25 Mil.

BII Railway Transportation Technology Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$22 Mil) to Jun. 2023 (HK$18 Mil) but then increased from Jun. 2023 (HK$18 Mil) to Dec. 2023 (HK$25 Mil).

BII Railway Transportation Technology Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$41 Mil) to Dec. 2022 (HK$22 Mil) but then increased from Dec. 2022 (HK$22 Mil) to Dec. 2023 (HK$25 Mil).

BII Railway Transportation Technology Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for BII Railway Transportation Technology Holdings Co'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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BII Railway Transportation Technology Holdings Co Long-Term Capital Lease Obligation Chart

BII Railway Transportation Technology Holdings Co Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.54

14.86

40.52

22.22

24.84

BII Railway Transportation Technology Holdings Co Semi-Annual Data
	Dec13	Jun14	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															40.52	28.69	22.22	18.35	24.84

BII Railway Transportation Technology Holdings Co (HKSE:01522) 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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BII Railway Transportation Technology Holdings Co (HKSE:01522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BII Railway Transportation Technology Holdings Co Ltd (HKSE:01522) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CN6:Germany

Address

No.4 Huixin East Street, Floor 15th, Tower 2, Fusheng Building, Chaoyang District, Beijing, CHN

Website

https://www.biitt.cn

BII Railway Transportation Technology Holdings Co Ltd is engaged in designing, implementing, selling, and maintenance, of application solutions for the networking and controlling systems of public transport. Its segments include Intelligent railway transportation, Infrastructure information, and Business development investment. The key part of the revenue is from the Intelligent railway transportation segment that provides design, production, implementation and sale, and maintenance of application solution services, which include related software, hardware, and spare parts in railway transportation areas. The group's revenue is from customers in the People's Republic of China.

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