CGN New Energy Holdings Co (HKSE:01811) Long-Term Capital Lease Obligation : HK$355 Mil (As of Dec. 2023)

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What is CGN New Energy Holdings Co Long-Term Capital Lease Obligation?

CGN New Energy Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$355 Mil.

CGN New Energy Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$252 Mil) to Jun. 2023 (HK$253 Mil) and increased from Jun. 2023 (HK$253 Mil) to Dec. 2023 (HK$355 Mil).

CGN New Energy Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$223 Mil) to Dec. 2022 (HK$252 Mil) and increased from Dec. 2022 (HK$252 Mil) to Dec. 2023 (HK$355 Mil).

CGN New Energy Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CGN New Energy 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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CGN New Energy Holdings Co Long-Term Capital Lease Obligation Chart

CGN New Energy Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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194.34

209.47

223.43

252.08

354.55

CGN New Energy Holdings Co 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															223.43	250.28	252.08	252.63	354.55

CGN New Energy Holdings Co (HKSE:01811) 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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CGN New Energy Holdings Co (HKSE:01811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN New Energy Holdings Co Ltd (HKSE:01811) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

C41:Germany

Address

25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.cgnne.com

CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

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