Huazhong In-Vehicle Holdings Co (HKSE:06830) Long-Term Capital Lease Obligation : HK$13 Mil (As of Dec. 2023)

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What is Huazhong In-Vehicle Holdings Co Long-Term Capital Lease Obligation?

Huazhong In-Vehicle Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$13 Mil.

Huazhong In-Vehicle Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$8 Mil) to Jun. 2023 (HK$0 Mil) but then increased from Jun. 2023 (HK$0 Mil) to Dec. 2023 (HK$13 Mil).

Huazhong In-Vehicle Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$4 Mil) to Dec. 2022 (HK$8 Mil) and increased from Dec. 2022 (HK$8 Mil) to Dec. 2023 (HK$13 Mil).

Huazhong In-Vehicle Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huazhong In-Vehicle Holdings 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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Huazhong In-Vehicle Holdings Co Long-Term Capital Lease Obligation Chart

Huazhong In-Vehicle Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.28

0.26

4.40

7.98

12.82

Huazhong In-Vehicle Holdings Co Semi-Annual Data
	Jun14	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															4.40	-	7.98	-	12.82

Huazhong In-Vehicle Holdings Co (HKSE:06830) 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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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huazhong In-Vehicle Holdings Co Ltd (HKSE:06830) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN

Website

https://www.cn-huazhong.com

Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.

Executives

Zhou Minfeng	2101 Beneficial owner
Chen Chun'er	2202 Interest of your spouse
Huayou Holdings Company Limited	2101 Beneficial owner

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