Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) Long-Term Capital Lease Obligation : HK$40.94 Mil (As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Guangdong Syntrust GK Testing and Certification Tech Service Center Co Long-Term Capital Lease Obligation?

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$40.94 Mil.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (HK$1.63 Mil) to Jun. 2024 (HK$39.96 Mil) and increased from Jun. 2024 (HK$39.96 Mil) to Dec. 2024 (HK$40.94 Mil).

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$6.46 Mil) to Dec. 2023 (HK$1.63 Mil) but then increased from Dec. 2023 (HK$1.63 Mil) to Dec. 2024 (HK$40.94 Mil).

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center 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.

* Premium members only.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Long-Term Capital Lease Obligation Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

6.12

6.46

1.63

40.94

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			6.46	-	1.63	39.96	40.94

Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xinyi Avenue South, Dingbao Town, Xinyi City, Guangdong Province, Maoming, CHN

Website

https://www.xyjiance.cn

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services, including foundation testing services, infrastructure and public roads testing services, construction material testing services, as well as building structure testing services. Additionally, it provides construction engineering inspection services, including slope monitoring and foundation pit monitoring services. The company generates almost all of its revenue from Testing services. Geographically entire revenue is generated from mainland China.

Executives

Chen Menghua	2101 Beneficial owner
Z K	2101 Beneficial owner
Lln Sheng Yu	2101 Beneficial owner
Lu Sili	2101 Beneficial owner
Zhang Yunling	2101 Beneficial owner
Liang Yishuang	2101 Beneficial owner
Lin Jiangjun	2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si	2101 Beneficial owner

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Headlines

No Headlines