Baoye Group Co (HKSE:02355) Long-Term Capital Lease Obligation : HK$10 Mil (As of Dec. 2024)

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What is Baoye Group Co Long-Term Capital Lease Obligation?

Baoye Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$10 Mil.

Baoye Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$12 Mil) to Jun. 2024 (HK$11 Mil) and declined from Jun. 2024 (HK$11 Mil) to Dec. 2024 (HK$10 Mil).

Baoye Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$16 Mil) to Dec. 2023 (HK$12 Mil) and declined from Dec. 2023 (HK$12 Mil) to Dec. 2024 (HK$10 Mil).

Baoye Group Co Long-Term Capital Lease Obligation Historical Data

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

Baoye Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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2.09

19.04

15.61

12.26

9.95

Baoye Group Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.61	13.29	12.26	11.04	9.95

Baoye Group Co (HKSE:02355) 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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Baoye Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Baoye Group Co Ltd (HKSE:02355) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 1687 Guazhu East Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030

Website

https://www.baoyegroup.com

Baoye Group Co Ltd is engaged in construction services. The operations of the company mainly comprise construction services, the sale and installation of building materials, and the development and sale of properties in the PRC. The company's reportable segments include Construction, Property development, Building materials, and others. The company generates maximum revenue from the Construction segment.

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