CSC Financial Co (HKSE:06066) Long-Term Capital Lease Obligation : HK$1,165 Mil (As of Dec. 2023)

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What is CSC Financial Co Long-Term Capital Lease Obligation?

CSC Financial Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,165 Mil.

CSC Financial Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,532 Mil) to Jun. 2023 (HK$1,295 Mil) and declined from Jun. 2023 (HK$1,295 Mil) to Dec. 2023 (HK$1,165 Mil).

CSC Financial Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,664 Mil) to Dec. 2022 (HK$1,532 Mil) and declined from Dec. 2022 (HK$1,532 Mil) to Dec. 2023 (HK$1,165 Mil).

CSC Financial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CSC Financial 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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CSC Financial Co Long-Term Capital Lease Obligation Chart

CSC Financial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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818.01

776.82

1,664.08

1,531.67

1,165.10

CSC Financial Co Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,664.08	1,421.69	1,531.67	1,294.59	1,165.10

CSC Financial Co (HKSE:06066) 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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CSC Financial Co (HKSE:06066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CSC Financial Co Ltd (HKSE:06066) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CS0:Germany

Address

No. 188 Chaonei Avenue, Hongan International Building, Dongcheng District, Beijing, CHN, 100010

Website

https://www.csc108.com

CSC Financial Co Ltd is engaged in providing capital markets services. The operating segments of the company include investment banking business which includes equity financing business, debt financing business, and financial advisory business; wealth management business which includes brokerage and wealth management business, margin financing, security lending business, and repurchase business; trading and institutional client services business which include equity sales, fixed income sales, and prime brokerage business, and asset management business which include asset management business and fund management business. The company derives the majority of its revenue from the trading and institutional client services segment.

Executives

Wellington Management Group Llp	2102 Investment manager
Bei Jing Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager

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