Huayu Expressway Group (HKSE:01823) Long-Term Capital Lease Obligation : HK$0.6 Mil (As of Dec. 2023)

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What is Huayu Expressway Group Long-Term Capital Lease Obligation?

Huayu Expressway Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.6 Mil.

Huayu Expressway Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.3 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.6 Mil).

Huayu Expressway Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.9 Mil) to Dec. 2022 (HK$0.3 Mil) but then increased from Dec. 2022 (HK$0.3 Mil) to Dec. 2023 (HK$0.6 Mil).

Huayu Expressway Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huayu Expressway 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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Huayu Expressway Group Long-Term Capital Lease Obligation Chart

Huayu Expressway Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.79

0.95

1.85

0.29

0.61

Huayu Expressway Group 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															1.85	1.03	0.29	-	0.61

Huayu Expressway Group (HKSE:01823) 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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Huayu Expressway Group (HKSE:01823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huayu Expressway Group Ltd (HKSE:01823) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Unit 1205, 12th Floor , Tower 1, Hong Kong, HKG

Website

http://www.huayu.com.hk

Huayu Expressway Group Ltd is an Investment holding firm. The company with its subsidiaries is engaged in the development of infrastructure mainly in China. Its primary business is to invest, build, operate, and manage infrastructure projects. It has three reportable segments: Qing Ping Expressway, construction, operation, and management of the Qing Ping Expressway, and; Liquor and spirits, the main distribution of Huamaojiu and Xijiushaofang, and the majority of the revenue comes from the Liquor and spirits.

Executives

Integrated Capital (asia) Limited	2101 Beneficial owner
Yam Tak Cheung	2201 Interest of corporation controlled by you
Velocity International Limited	2101 Beneficial owner
Tcg Capital Investment Limited	2106 Person having a security interest in shares
Chan Yeung Nam	2201 Interest of corporation controlled by you

Huayu Expressway Group (HKSE:01823) Headlines

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