Pacific Millennium Packaging Group (HKSE:01820) Long-Term Capital Lease Obligation : HK$397 Mil (As of Dec. 2024)

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What is Pacific Millennium Packaging Group Long-Term Capital Lease Obligation?

Pacific Millennium Packaging Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$397 Mil.

Pacific Millennium Packaging Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$320 Mil) to Jun. 2024 (HK$345 Mil) and increased from Jun. 2024 (HK$345 Mil) to Dec. 2024 (HK$397 Mil).

Pacific Millennium Packaging Group's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$318 Mil) to Dec. 2023 (HK$320 Mil) and increased from Dec. 2023 (HK$320 Mil) to Dec. 2024 (HK$397 Mil).

Pacific Millennium Packaging Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pacific Millennium Packaging Group'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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Pacific Millennium Packaging Group Long-Term Capital Lease Obligation Chart

Pacific Millennium Packaging Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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177.97

266.35

318.48

320.43

397.45

Pacific Millennium Packaging Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													318.48	294.00	320.43	345.15	397.45

Pacific Millennium Packaging Group (HKSE:01820) 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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Pacific Millennium Packaging Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company. It is principally engaged in the manufacturing and sale of corrugated packaging products including corrugated boxes, pallets, display stands, heavy duty packaging and specialised packaging products; and corrugated sheet boards in the PRC. It has one operating segment which is manufacture and sale of packaging materials.

Executives

Ample Bright Management Limited	2201 Interest of corporation controlled by you
Elite Age International Limited	2201 Interest of corporation controlled by you
Fortune China Resources Limited	2301 Trustee
Golden Ford Investments Limited	2201 Interest of corporation controlled by you
Star Concord Worldwide Limited	2301 Trustee
Pacific Millennium Holdings Corporation	2101 Beneficial owner
Tan Richard Lipin	2501 Other
Tsai Wen Hao	2501 Other
Cheng Hsien Chun	2101 Beneficial owner
Lead Forward Limited	2101 Beneficial owner

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