Huaibei GreenGold Industry Investment Co (HKSE:02450) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Jun. 2023)

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What is Huaibei GreenGold Industry Investment Co Long-Term Capital Lease Obligation?

Huaibei GreenGold Industry Investment Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.0 Mil.

Huaibei GreenGold Industry Investment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huaibei GreenGold Industry Investment 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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Huaibei GreenGold Industry Investment Co Long-Term Capital Lease Obligation Chart

Huaibei GreenGold Industry Investment Co Annual Data

Trend

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Long-Term Capital Lease Obligation

Huaibei GreenGold Industry Investment Co Quarterly Data
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Huaibei GreenGold Industry Investment Co (HKSE:02450) 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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Huaibei GreenGold Industry Investment Co (HKSE:02450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaibei GreenGold Industry Investment Co Ltd (HKSE:02450) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Taobo Road, 4th Floor, Shuangchuang Service Centre, Song Tuan Town, Lieshan District, Anhui Province, Huaibei, CHN

Website

http://www.ljgfjt.com

Huaibei GreenGold Industry Investment Co Ltd is a China-based company chiefly engaged in the production and sales of construction material products. The company's main products include aggregate products and concrete products. The aggregate products mainly include general materials, stone powder, 0.5-1 construction aggregate, 1-2 construction aggregate, and 1-3 construction aggregate. The concrete products mainly include ready-mixed concrete, cement-stabilized macadam, and asphalt concrete.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Chu David	2101 Beneficial owner

Huaibei GreenGold Industry Investment Co (HKSE:02450) Headlines

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