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Allied Sustainability And Environmental Consultants Group (HKSE:08320) Long-Term Capital Lease Obligation : HK$3.09 Mil (As of Sep. 2023)


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What is Allied Sustainability And Environmental Consultants Group Long-Term Capital Lease Obligation?

Allied Sustainability And Environmental Consultants Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.09 Mil.

Allied Sustainability And Environmental Consultants Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$3.84 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$3.09 Mil).

Allied Sustainability And Environmental Consultants Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$1.35 Mil) to Mar. 2022 (HK$0.22 Mil) but then increased from Mar. 2022 (HK$0.22 Mil) to Mar. 2023 (HK$3.84 Mil).


Allied Sustainability And Environmental Consultants Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allied Sustainability And Environmental Consultants 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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Allied Sustainability And Environmental Consultants Group Long-Term Capital Lease Obligation Chart

Allied Sustainability And Environmental Consultants Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only - 4.74 1.35 0.22 3.84

Allied Sustainability And Environmental Consultants Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.23 - 3.84 - 3.09

Allied Sustainability And Environmental Consultants Group  (HKSE:08320) 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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Allied Sustainability And Environmental Consultants Group (HKSE:08320) Business Description

Traded in Other Exchanges
N/A
Address
160 Gloucester Road, 27/F, Overseas Trust Bank Building, Wan Chai, Hong Kong, HKG
Allied Sustainability And Environmental Consultants Group Ltd is an environmental consulting company. The company is engaged in the provision of consultancy services relating to green building certification consultancy, sustainability and environmental consultancy, acoustics, noise and vibration control, audio-visual design consultancy, and Environmental, social, and governance reporting consultancy. The principal place of the Group's operation is mainly in Hong Kong and has a presence in Macau and the PRC also.

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