Gaodi Holdings (HKSE:01676) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Jun. 2023)

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What is Gaodi Holdings Long-Term Capital Lease Obligation?

Gaodi Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.0 Mil.

Gaodi Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.0 Mil) to Jun. 2022 (HK$0.0 Mil) but then stayed the same from Jun. 2022 (HK$0.0 Mil) to Jun. 2023 (HK$0.0 Mil).

Gaodi Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (HK$2.4 Mil) to Dec. 2020 (HK$1.8 Mil) and declined from Dec. 2020 (HK$1.8 Mil) to Dec. 2021 (HK$1.0 Mil).

Gaodi Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gaodi Holdings'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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Gaodi Holdings Long-Term Capital Lease Obligation Chart

Gaodi Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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2.41

1.80

1.00

Gaodi Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1.80	1.23	1.00	-	-

Gaodi Holdings (HKSE:01676) 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.

Gaodi Holdings Long-Term Capital Lease Obligation Related Terms

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Gaodi Holdings (HKSE:01676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gaodi Holdings Ltd (HKSE:01676) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

5th Floor, No. 5 Factory Meixi Road, Huandong Waters Tongon District, Huli Industrial Park, Fujian Province, Xiamen, CHN

Website

http://www.chinashenghaigroup.com

China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.

Executives

Foton Holdings Limited	2101 Beneficial owner
Yang Liqiong	2101 Beneficial owner
Ultima Prime Investment Limited	2501 Other
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Rui Qi You Xian Gong Si	2101 Beneficial owner
Lau Shek Yau John	2101 Beneficial owner
Lin Yueying	2202 Interest of your spouse
Liu Rongru	2201 Interest of corporation controlled by you

Gaodi Holdings (HKSE:01676) Headlines

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