Xingda International Holdings (HKSE:01899) Long-Term Capital Lease Obligation : HK$1 Mil (As of Dec. 2023)

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What is Xingda International Holdings Long-Term Capital Lease Obligation?

Xingda International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil.

Xingda International Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1 Mil) to Jun. 2023 (HK$1 Mil) and declined from Jun. 2023 (HK$1 Mil) to Dec. 2023 (HK$1 Mil).

Xingda International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1 Mil) to Dec. 2022 (HK$1 Mil) and declined from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$1 Mil).

Xingda International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xingda International Holdings'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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Xingda International Holdings Long-Term Capital Lease Obligation Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.38

1.77

1.10

0.87

0.58

Xingda International Holdings 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															1.10	0.95	0.87	0.71	0.58

Xingda International Holdings (HKSE:01899) 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.

Xingda International Holdings Long-Term Capital Lease Obligation Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

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