Shandong Fengxiang Co (HKSE:09977) Long-Term Capital Lease Obligation : HK$223 Mil (As of Dec. 2022)

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What is Shandong Fengxiang Co Long-Term Capital Lease Obligation?

Shandong Fengxiang Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was HK$223 Mil.

Shandong Fengxiang Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$241 Mil) to Jun. 2022 (HK$222 Mil) but then increased from Jun. 2022 (HK$222 Mil) to Dec. 2022 (HK$223 Mil).

Shandong Fengxiang Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$241 Mil) to Dec. 2022 (HK$223 Mil) and declined from Dec. 2022 (HK$223 Mil) to Dec. 2023 (HK$205 Mil).

Shandong Fengxiang Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Fengxiang 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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Shandong Fengxiang Co Long-Term Capital Lease Obligation Chart

Shandong Fengxiang Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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215.25

223.34

241.09

222.97

205.39

Shandong Fengxiang Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							320.20	241.09	222.40	222.97	205.39

Shandong Fengxiang Co (HKSE:09977) 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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Shandong Fengxiang Co (HKSE:09977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Fengxiang Co Ltd (HKSE:09977) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN

Website

http://www.fengxiang.com

Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.

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