United Strength Power Holdings (HKSE:02337) Long-Term Capital Lease Obligation : HK$237 Mil (As of Dec. 2023)

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What is United Strength Power Holdings Long-Term Capital Lease Obligation?

United Strength Power Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$237 Mil.

United Strength Power Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$296 Mil) to Jun. 2023 (HK$284 Mil) and declined from Jun. 2023 (HK$284 Mil) to Dec. 2023 (HK$237 Mil).

United Strength Power Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$376 Mil) to Dec. 2022 (HK$296 Mil) and declined from Dec. 2022 (HK$296 Mil) to Dec. 2023 (HK$237 Mil).

United Strength Power Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Strength Power 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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United Strength Power Holdings Long-Term Capital Lease Obligation Chart

United Strength Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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65.72

369.29

375.91

295.63

236.62

United Strength Power Holdings Semi-Annual Data
	Dec14	Dec15	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												375.91	362.20	295.63	283.57	236.62

United Strength Power Holdings (HKSE:02337) 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.

United Strength Power Holdings Long-Term Capital Lease Obligation Related Terms

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United Strength Power Holdings (HKSE:02337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Strength Power Holdings Ltd (HKSE:02337) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 2101, Unit 1, Block 23, Zone G, Jilin Province, Solana 2, Erdao District, Changchun, CHN

Website

http://www.united-strength.com

United Strength Power Holdings Ltd operates a vehicle natural gas refueling station in the Jilin province of China. The company sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas. It operates through three business segments namely, the Sale of refined oil, the Sale of natural gas, and the Provision of transportation services. The company generates maximum revenue from the sale of the refined oil segment.

Executives

Dynamic Fame Global Limited	2101 Beneficial owner
Xu Hang	2201 Interest of corporation controlled by you
Golden Truth Holdings Limited	2101 Beneficial owner
Ji Yuanyuan	2202 Interest of your spouse
Zhao Jinmin	2201 Interest of corporation controlled by you
Propitious Peak Limited
Heroic Year Limited
Liu Yingwu
Ma Dan

United Strength Power Holdings (HKSE:02337) Headlines

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