Zonqing Environmental (HKSE:01855) Long-Term Capital Lease Obligation : HK$5 Mil (As of Dec. 2024)

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What is Zonqing Environmental Long-Term Capital Lease Obligation?

Zonqing Environmental's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$5 Mil.

Zonqing Environmental's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$1 Mil) to Jun. 2024 (HK$6 Mil) but then declined from Jun. 2024 (HK$6 Mil) to Dec. 2024 (HK$5 Mil).

Zonqing Environmental's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$1 Mil) and increased from Dec. 2023 (HK$1 Mil) to Dec. 2024 (HK$5 Mil).

Zonqing Environmental Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zonqing Environmental'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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Zonqing Environmental Long-Term Capital Lease Obligation Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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2.07

2.66

0.91

1.37

4.63

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.91	1.18	1.37	6.01	4.63

Zonqing Environmental (HKSE:01855) 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.

Zonqing Environmental Long-Term Capital Lease Obligation Related Terms

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Zonqing Environmental Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in city renewal services, city operation and maintenance services, town planning design services and cultural tourism.. Its business segments include City renewal construction services: City operation and maintenance services: Town planning design services: and Cultural tourism. A majority of revenue is derived from the City renewal construction services segment includes construction engineering services in various fields such as landscaping and municipal project. The group's revenue is generated in the PRC.

Executives

Sun Juqing	2202 Interest of your spouse
Zhao Hongyu	2201 Interest of corporation controlled by you
Zonqing International Investment Limited	2101 Beneficial owner
Liu Haitao	2201 Interest of corporation controlled by you
Wang Tiannv	2202 Interest of your spouse
Zonbong International Investment Limited	2101 Beneficial owner

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