Shentong Robot Education Group Company (HKSE:08206) Long-Term Capital Lease Obligation : HK$2.31 Mil (As of Sep. 2023)

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What is Shentong Robot Education Group Company Long-Term Capital Lease Obligation?

Shentong Robot Education Group Company's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.31 Mil.

Shentong Robot Education Group Company's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$2.86 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$2.31 Mil).

Shentong Robot Education Group Company's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0.00 Mil) to Mar. 2022 (HK$0.28 Mil) and increased from Mar. 2022 (HK$0.28 Mil) to Mar. 2023 (HK$2.86 Mil).

Shentong Robot Education Group Company Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shentong Robot Education Group Company'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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Shentong Robot Education Group Company Long-Term Capital Lease Obligation Chart

Shentong Robot Education Group Company Annual Data

Trend

Mar14

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Mar20

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Mar23

Long-Term Capital Lease Obligation

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2.41

0.28

2.86

Shentong Robot Education Group Company Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	2.86	-	2.31

Shentong Robot Education Group Company (HKSE:08206) 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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Shentong Robot Education Group Company (HKSE:08206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Shentong Robot Education Group Company Ltd (HKSE:08206) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3006, 30th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.srobotedu.com

Shentong Robot Education Group Company Ltd is engaged in the promotion of electronic smart card and provision of robotics courses. The company operates through two segments Promotion and management services and Robotics Education and others. The Promotion and management services segment includes the provision for an electronic smart card namely, Designated Shentong Card in the PRC. Its Robotics Education and other segment involves organising and hosting of China Robot Competition (CRC) and provision of CRC education course in Heilongjiang Province in the PRC.

Executives

China Communication Group Company Limited	2201 Interest of corporation controlled by you
China Communication Investment Limited	2101 Beneficial owner
Yang Shaohui	2101 Beneficial owner

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