Shanxi Installation Group Co (HKSE:02520) Long-Term Capital Lease Obligation : HK$150 Mil (As of Dec. 2024)

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What is Shanxi Installation Group Co Long-Term Capital Lease Obligation?

Shanxi Installation Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$150 Mil.

Shanxi Installation Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$172 Mil) to Jun. 2024 (HK$167 Mil) and declined from Jun. 2024 (HK$167 Mil) to Dec. 2024 (HK$150 Mil).

Shanxi Installation Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$74 Mil) to Dec. 2023 (HK$172 Mil) but then declined from Dec. 2023 (HK$172 Mil) to Dec. 2024 (HK$150 Mil).

Shanxi Installation Group Co Long-Term Capital Lease Obligation Historical Data

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

Shanxi Installation Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

83.23

83.67

74.04

172.17

149.56

Shanxi Installation Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			74.04	77.37	172.17	167.16	149.56

Shanxi Installation Group Co (HKSE:02520) 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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Shanxi Installation Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanxi Installation Group Co Ltd (HKSE:02520) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Xinhua Road, Tanghuai Industrial Park, Shanxi Transformation and Comprehensive, Reform Demonstration Zone, Shanxi, Taiyuan, CHN

Website

http://www.sxaz.com.cn

Shanxi Installation Group Co Ltd is a construction service provider based in Taiyuan, a city in Shanxi Province, China. It is engaged in specialized industrial construction, specialized auxiliary construction, other construction, and non-construction business. The company generates the majority of its revenue from specialized industrial construction. The company offers range of services, from design and consulting, investment and construction, and building construction, to operation and maintenance. The company has two segments the construction contracting segment and the non-construction segment.

Executives

Xiang Gang Li Jun Jian An Tou Zi You Xian Gong Si	2101 Beneficial owner
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Xi An Shan Gong Guo Ji Jian Zhu Gong Cheng You Xian Gong Si	2201 Interest of corporation controlled by you
Ming Yang Zhi Hui Neng Yuan Ji Tuan Gu Fen Gong Si	2101 Beneficial owner
Gaoteng Global Asset Management Limited	2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd.	2101 Beneficial owner
Hai Nan Tian Kun Si Mu Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hai Nan Tian Kun Shen Yi Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Jin Luo Shen Zhen Si Mu Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Wan Wei Dian Qi You Xian Gong Si	2201 Interest of corporation controlled by you
Hai Nan Tian Kun Xian Ning Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Hai Nan Jing Tai Jing Zhun Gu Quan Si Mu Ji Jin Er Qi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Si Chuan Hua Zhi Ye Can Dian Li She Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jing Tai Chuang Ye Tou Zi Si Mu Ji Jin Guan Li Hai Nan He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Shanxi Installation Group Co Headlines

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