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Shiyue Daotian Group Co (HKSE:09676) Long-Term Capital Lease Obligation : HK$41 Mil (As of Jun. 2024)


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What is Shiyue Daotian Group Co Long-Term Capital Lease Obligation?

Shiyue Daotian Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$41 Mil.

Shiyue Daotian Group Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$0 Mil) to Dec. 2023 (HK$21 Mil) and increased from Dec. 2023 (HK$21 Mil) to Jun. 2024 (HK$41 Mil).

Shiyue Daotian Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$10 Mil) to Dec. 2022 (HK$12 Mil) and increased from Dec. 2022 (HK$12 Mil) to Dec. 2023 (HK$21 Mil).


Shiyue Daotian Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shiyue Daotian Group 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.

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Shiyue Daotian Group Co Long-Term Capital Lease Obligation Chart

Shiyue Daotian Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
9.58 10.29 12.34 21.29

Shiyue Daotian Group Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 10.29 12.34 - 21.29 40.58

Shiyue Daotian Group Co  (HKSE:09676) 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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Shiyue Daotian Group Co Business Description

Traded in Other Exchanges
N/A
Address
2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN
Shiyue Daotian Group Co Ltd is a Chinese pantry staple food company that offers pre-packaged rice, whole grains, beans, and dried food products. It has a strong brand presence across multiple channels. The company has three main segments which includes Rice Products: in this division makes different types of packaged rice. Whole Grain, Bean, and Other Products in this here they produce packaged mixes of brown rice, millet, red beans, sesame, and more. Dried Food and Other Products in this segment handles packaged dried mushrooms, lotus seeds, and related by-products such as bran and husk.
Executives
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Shen Nan Peng
Zhou Kui
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