CPM Group (HKSE:01932) Long-Term Capital Lease Obligation : HK$3.6 Mil (As of Dec. 2023)

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What is CPM Group Long-Term Capital Lease Obligation?

CPM Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.6 Mil.

CPM Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$5.2 Mil) to Jun. 2023 (HK$4.2 Mil) and declined from Jun. 2023 (HK$4.2 Mil) to Dec. 2023 (HK$3.6 Mil).

CPM Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.7 Mil) to Dec. 2022 (HK$5.2 Mil) but then declined from Dec. 2022 (HK$5.2 Mil) to Dec. 2023 (HK$3.6 Mil).

CPM Group Long-Term Capital Lease Obligation Historical Data

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

CPM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.63

1.78

0.71

5.20

3.63

CPM Group Semi-Annual Data
	Dec14	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													0.71	5.41	5.20	4.21	3.63

CPM Group (HKSE:01932) 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.

CPM Group Long-Term Capital Lease Obligation Related Terms

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CPM Group (HKSE:01932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CPM Group Ltd (HKSE:01932) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

338 Hennessy Road, 31st Floor, CNT Tower, Wanchai, Hong Kong, HKG

Website

http://www.cpmgroup.com.hk

CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which engages in the manufacture and sale of paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland of China and Hong Kong markets. The group derives the majority of its revenue from Mainland China.

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