Lygend Resources & Technology Co (HKSE:02245) Long-Term Capital Lease Obligation : HK$53 Mil (As of Dec. 2023)

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What is Lygend Resources & Technology Co Long-Term Capital Lease Obligation?

Lygend Resources & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$53 Mil.

Lygend Resources & Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$53 Mil) to Jun. 2023 (HK$59 Mil) but then declined from Jun. 2023 (HK$59 Mil) to Dec. 2023 (HK$53 Mil).

Lygend Resources & Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$53 Mil) and increased from Dec. 2022 (HK$53 Mil) to Dec. 2023 (HK$53 Mil).

Lygend Resources & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lygend Resources & Technology Co'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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Lygend Resources & Technology Co Long-Term Capital Lease Obligation Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.93

2.32

2.73

52.59

53.04

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2.73	61.76	52.59	58.53	53.04

Lygend Resources & Technology Co (HKSE:02245) 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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Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Executives

Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Oakswood Group Ltd	2201 Interest of corporation controlled by you
Lim Shu Hua, Cheryl	2307 Founder of a discretionary trust who can infl
Feng Yi Pte. Ltd.	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Ge Lin Mei Gu Fen You Xian Gong Si
Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si Dai Gong Yin Rui Xin Tai Hong Hao Dan Yi Zi Chan Gu
Guang Dong Bang Pu Xun Huan Ke Ji You Xian Gong Si
Ning Bo Bang Pu Shi Dai Xin Neng Yuan You Xian Gong Si
Hu Bei Rong Bai Dian Chi San Jiao Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo
Ge Lin Mei Xiang Gang Guo Ji Wu Liu You Xian Gong Si
Guang Fa Zi Guan Rong Bai Dian Chi Dan Yi Zi Chan Guan Li Ji Hua	2301 Trustee
Ning Bo Rong Bai Xin Neng Yuan Ke Ji Gu Fen You Xian Gong Si
Ning Bo Shi Yin Zhou Qu Jin Rong Kong Gu You Xian Gong Si

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