Shanghai Conant Optical Co (HKSE:02276) Long-Term Capital Lease Obligation : HK$9 Mil (As of Dec. 2023)

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What is Shanghai Conant Optical Co Long-Term Capital Lease Obligation?

Shanghai Conant Optical Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9 Mil.

Shanghai Conant Optical Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1 Mil) to Jun. 2023 (HK$1 Mil) and increased from Jun. 2023 (HK$1 Mil) to Dec. 2023 (HK$9 Mil).

Shanghai Conant Optical Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1 Mil) to Dec. 2022 (HK$1 Mil) but then increased from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$9 Mil).

Shanghai Conant Optical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Conant Optical 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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Shanghai Conant Optical Co Long-Term Capital Lease Obligation Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.25

0.71

1.45

1.01

9.11

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				1.45	1.01	1.01	1.07	9.11

Shanghai Conant Optical Co (HKSE:02276) 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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Shanghai Conant Optical Co (HKSE:02276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 83, Hongxiang North Road, 1st Floor, Building 36, No. 1-42, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

http://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The products are mainly resin spectacle lenses with the refractive index of 1.499, 1.56, 1.60, 1.67, and 1.74. The spectacle lenses is also be tinted or coated or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection and anti-smudge.

Executives

Fei Zhengxiang

2101 Beneficial owner

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