China Primary Energy Holdings (HKSE:08117) Long-Term Capital Lease Obligation : HK$2.56 Mil (As of Dec. 2024)

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What is China Primary Energy Holdings Long-Term Capital Lease Obligation?

China Primary Energy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$2.56 Mil.

China Primary Energy Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$2.96 Mil) to Jun. 2024 (HK$2.89 Mil) and declined from Jun. 2024 (HK$2.89 Mil) to Dec. 2024 (HK$2.56 Mil).

China Primary Energy Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.13 Mil) to Dec. 2023 (HK$2.96 Mil) and declined from Dec. 2023 (HK$2.96 Mil) to Dec. 2024 (HK$2.56 Mil).

China Primary Energy Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Primary Energy Holdings'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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China Primary Energy Holdings Long-Term Capital Lease Obligation Chart

China Primary Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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5.64

6.05

4.13

2.96

2.56

China Primary Energy Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.96	-	2.96	2.89	2.56

China Primary Energy Holdings (HKSE:08117) 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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China Primary Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Primary Energy Holdings Ltd (HKSE:08117) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Science Museum Road, Room 518, 5th Floor, Tower B, New Mandarin Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://china-p-energy.etnet.com.hk

China Primary Energy Holdings Ltd is an investment holding company. Its business activity of the group functions through the Transmission and distribution of natural gas, the Sale of heat and biomass gasification-related products, and Property investment segments, and the majority of the revenue is derived from the Transmission and distribution of natural gas. Geographically, the group generates its revenue from the PRC.

Executives

Ma Zheng	2101 Beneficial owner
Excel Sino Investments Limited	2101 Beneficial owner
Guo Xiuqin	2201 Interest of corporation controlled by you
Tung Shing Energy Investment Limited	2101 Beneficial owner
Ji Shengzhi	2201 Interest of corporation controlled by you
Lu Ke	2201 Interest of corporation controlled by you
Ultra Vantage Holdings Limited	2101 Beneficial owner
Winmaxi (bvi) Company Limited	2101 Beneficial owner

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