XiangXing International Holding (HKSE:01732) Long-Term Capital Lease Obligation : HK$0.7 Mil (As of Dec. 2023)

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What is XiangXing International Holding Long-Term Capital Lease Obligation?

XiangXing International Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.7 Mil.

XiangXing International Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1.0 Mil) to Jun. 2023 (HK$0.7 Mil) but then increased from Jun. 2023 (HK$0.7 Mil) to Dec. 2023 (HK$0.7 Mil).

XiangXing International Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.5 Mil) to Dec. 2022 (HK$1.0 Mil) and declined from Dec. 2022 (HK$1.0 Mil) to Dec. 2023 (HK$0.7 Mil).

XiangXing International Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for XiangXing International Holding'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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XiangXing International Holding Long-Term Capital Lease Obligation Chart

XiangXing International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.24

4.79

1.54

0.96

0.74

XiangXing International Holding Semi-Annual Data
	Dec14	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													1.54	1.24	0.96	0.71	0.74

XiangXing International Holding (HKSE:01732) 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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XiangXing International Holding (HKSE:01732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » XiangXing International Holding Ltd (HKSE:01732) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Jiangang Road, Xiamen Area (Bonded Port), China (Fujian) Pilot Free Trade Zone, Haicang District, Fujian Province, Xiamen City, CHN

Website

http://www.xxlt.com.cn

XiangXing International Holding Ltd is an investment holding company. The operating segments of the group are Import and export agency services; Container and stone blocks road freight forwarding services; Intra-port ancillary services; Intra-port container transportation services; and Trading of building materials and automobile accessories. Geographically, the operations of the company are carried out in the PRC.

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