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Taizhou Water Group Co (HKSE:01542) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Jun. 2024)


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What is Taizhou Water Group Co Long-Term Capital Lease Obligation?

Taizhou Water Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.0 Mil.


Taizhou Water Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taizhou Water Group 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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Taizhou Water Group Co Long-Term Capital Lease Obligation Chart

Taizhou Water Group Co Annual Data
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Taizhou Water Group Co Semi-Annual Data
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Taizhou Water Group Co  (HKSE:01542) 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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Taizhou Water Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 308 Yin Quan Road, Xicheng Street, Huangyan District, Zhejiang Province, Taizhou, CHN
Taizhou Water Group Co Ltd is a water supply service provider in Taizhou that supplies raw water and municipal water. It supplies tap water directly to end users and engages in the installation of water pipelines for distributing tap water to its end users. The company operates in one reportable operating segment which is water supply and installation of water pipelines. All of the group's revenue is generated from Mainland China.
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