Neutech Group (HKSE:09616) Long-Term Capital Lease Obligation : HK$28 Mil (As of Jun. 2024)

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What is Neutech Group Long-Term Capital Lease Obligation?

Neutech Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$28 Mil.

Neutech Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$29 Mil) to Dec. 2023 (HK$30 Mil) but then declined from Dec. 2023 (HK$30 Mil) to Jun. 2024 (HK$28 Mil).

Neutech Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$48 Mil) to Dec. 2022 (HK$36 Mil) and declined from Dec. 2022 (HK$36 Mil) to Dec. 2023 (HK$30 Mil).

Neutech Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Neutech 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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Neutech Group Long-Term Capital Lease Obligation Chart

Neutech Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.12

54.89

48.04

35.98

30.16

Neutech Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								42.27	35.98	28.86	30.16	27.82

Neutech Group (HKSE:09616) 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.

Neutech Group Long-Term Capital Lease Obligation Related Terms

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Neutech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Neutech Group Ltd (HKSE:09616) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Software Park Road, Ganjingzi District, Liaoning, Dalian, CHN

Website

https://www.neuedu.com

Neusoft Education Technology Co Ltd is a China-based investment holding company principally engaged in providing full-time formal higher education services, continuing education services, as well as education resources and apprenticeship programmes. Its full-time formal higher education services and continuing education services are operated by three universities and eight training schools. Its education resources and apprenticeship programme are offered by Dalian Education and a few of its subsidiaries, such as Shanghai Ruixiang and Tianjin Ruidao. It has one operating segment and geographical segment being providing higher education services in PRC.

Executives

Liu Jiren	2501 Other
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Sun Yinhuan	2307 Founder of a discretionary trust who can infl
Century Bliss International Limited	2101 Beneficial owner
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Deluxe Glorious Limited	2201 Interest of corporation controlled by you
Liu Jiren	2501 Other
Cheng Huiyan	2202 Interest of your spouse
Kang Ruidao International Investment Inc.	2101 Beneficial owner
Kang Ruidao Education First Investment Limited	2201 Interest of corporation controlled by you
Neusoft Holdings International Inc.	2201 Interest of corporation controlled by you
Dalian Neusoft Holdings Co., Ltd.	2201 Interest of corporation controlled by you

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