China Golden Classic Group (HKSE:08281) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is China Golden Classic Group Long-Term Capital Lease Obligation?

China Golden Classic Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

China Golden Classic Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$1.0 Mil) to Sep. 2023 (HK$0.0 Mil) but then stayed the same from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

China Golden Classic Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$1.6 Mil) but then declined from Dec. 2022 (HK$1.6 Mil) to Dec. 2023 (HK$0.0 Mil).

China Golden Classic Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Golden Classic Group'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 Golden Classic Group Long-Term Capital Lease Obligation Chart

China Golden Classic Group Annual Data

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Long-Term Capital Lease Obligation

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0.03

1.57

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.57	-	1.02	-	-

China Golden Classic Group (HKSE:08281) 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.

China Golden Classic Group Long-Term Capital Lease Obligation Related Terms

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China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

China Golden Classic Group (HKSE:08281) Headlines

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