AviChina Industry & Technology Co (HKSE:02357) Long-Term Capital Lease Obligation : HK$428 Mil (As of Dec. 2024)

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What is AviChina Industry & Technology Co Long-Term Capital Lease Obligation?

AviChina Industry & Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$428 Mil.

AviChina Industry & Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$375 Mil) to Jun. 2024 (HK$386 Mil) and increased from Jun. 2024 (HK$386 Mil) to Dec. 2024 (HK$428 Mil).

AviChina Industry & Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$376 Mil) to Dec. 2023 (HK$375 Mil) but then increased from Dec. 2023 (HK$375 Mil) to Dec. 2024 (HK$428 Mil).

AviChina Industry & Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for AviChina Industry & 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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AviChina Industry & Technology Co Long-Term Capital Lease Obligation Chart

AviChina Industry & Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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754.38

684.74

375.68

374.80

427.72

AviChina Industry & Technology 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															375.68	375.17	374.80	386.06	427.72

AviChina Industry & Technology Co (HKSE:02357) 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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AviChina Industry & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AviChina Industry & Technology Co Ltd (HKSE:02357) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AVT:Germany AVT:Germany

Address

No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029

Website

https://www.avichina.com

AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales, and upgrade of civil aviation products and defense products such as the provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business which generates key revenue; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. AviChina mainly conducts its business in China.

Executives

Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Bao Shui Qu Tou Zi You Xian Gong Si	2101 Beneficial owner

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