Tianjin Construction Development Group Co (HKSE:02515) Long-Term Capital Lease Obligation : HK$2.5 Mil (As of Dec. 2024)

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What is Tianjin Construction Development Group Co Long-Term Capital Lease Obligation?

Tianjin Construction Development Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$2.5 Mil.

Tianjin Construction Development Group Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$0.2 Mil) to Jun. 2024 (HK$3.3 Mil) but then declined from Jun. 2024 (HK$3.3 Mil) to Dec. 2024 (HK$2.5 Mil).

Tianjin Construction Development Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0.0 Mil) to Dec. 2023 (HK$0.2 Mil) and increased from Dec. 2023 (HK$0.2 Mil) to Dec. 2024 (HK$2.5 Mil).

Tianjin Construction Development Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tianjin Construction Development 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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Tianjin Construction Development Group Co Long-Term Capital Lease Obligation Chart

Tianjin Construction Development Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.16

2.46

Tianjin Construction Development Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.16	3.29	2.46

Tianjin Construction Development Group Co (HKSE:02515) 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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Tianjin Construction Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tianjin Construction Development Group Co Ltd (HKSE:02515) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112 Dongting Road, Economic and Technological Development Zone, Binhai New Area, Tianjin, CHN

Website

https://www.tjcdg.com

Tianjin Construction Development Group Co Ltd is a construction group based in Tianjin that offers comprehensive construction services. It is engaged in the construction business and strove to provide high-quality construction services to its customers by leveraging its self-developed Jiexiao System, a comprehensive construction project management software equipped with multiple functions including cost monitoring, progress measuring and resources tracking.

Executives

Dou Enyan	2202 Interest of your spouse
Wang Wenbin	2201 Interest of corporation controlled by you
Shengyuan Group (tianjin) Co., Ltd.	2201 Interest of corporation controlled by you
Shengyuan Group Holdings (tianjin) Co., Ltd.	2101 Beneficial owner
Shanshengyuan (tianjin) Enterprise Management Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Zhiweilai (tianjin) Enterprise Management Co. Limited	2101 Beneficial owner
Gongmeihao (tianjin) Enterprise Management Co. Limited	2101 Beneficial owner
Huizhi (tianjin) Entrepreneurial Space Service Center (limited Partnership)	2201 Interest of corporation controlled by you
Jushi (tianjin) Entrepreneurial Management Center (limited Partnership)	2201 Interest of corporation controlled by you
Zhao Kuanghua	2201 Interest of corporation controlled by you
Zhao Xiaorong	2201 Interest of corporation controlled by you
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you

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