Pujiang International Group (HKSE:02060) Long-Term Capital Lease Obligation : HK$1 Mil (As of Jun. 2023)

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What is Pujiang International Group Long-Term Capital Lease Obligation?

Pujiang International Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$1 Mil.

Pujiang International Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (HK$1 Mil) to Dec. 2022 (HK$2 Mil) but then declined from Dec. 2022 (HK$2 Mil) to Jun. 2023 (HK$1 Mil).

Pujiang International Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (HK$2 Mil) to Dec. 2021 (HK$16 Mil) but then declined from Dec. 2021 (HK$16 Mil) to Dec. 2022 (HK$2 Mil).

Pujiang International Group Long-Term Capital Lease Obligation Historical Data

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

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.91

1.61

16.25

1.89

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								1.53	16.25	1.25	1.89	0.92

Pujiang International Group (HKSE:02060) 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.

Pujiang International Group Long-Term Capital Lease Obligation Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

Executives

Elegant Kindness Limited	2101 Beneficial owner
Tang Liang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
China Silver Asset Management Llc	2102 Investment manager
Cs Asia Opportunities Master Fund	2101 Beneficial owner
China Silver Asset Management Limited	2102 Investment manager
China Merchants Bank Co., Ltd.	2201 Interest of corporation controlled by you
Cmb International Finance Limited	2106 Person having a security interest in shares

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