Petroleum Industrial & Civil Construction JSC (HSTC:PXI) Long-Term Capital Lease Obligation : ₫0.00 Mil (As of . 20)

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What is Petroleum Industrial & Civil Construction JSC Long-Term Capital Lease Obligation?

Petroleum Industrial & Civil Construction JSC's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₫0.00 Mil.

Petroleum Industrial & Civil Construction JSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petroleum Industrial & Civil Construction JSC'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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Petroleum Industrial & Civil Construction JSC Long-Term Capital Lease Obligation Chart

Petroleum Industrial & Civil Construction JSC Annual Data

Trend

Long-Term Capital Lease Obligation

Petroleum Industrial & Civil Construction JSC Semi-Annual Data

Long-Term Capital Lease Obligation

Petroleum Industrial & Civil Construction JSC (HSTC:PXI) 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.

Petroleum Industrial & Civil Construction JSC Long-Term Capital Lease Obligation Related Terms

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Petroleum Industrial & Civil Construction JSC (HSTC:PXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Petroleum Industrial & Civil Construction JSC (HSTC:PXI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

35D 30/4 Road Ward 9, TP Vung Tau Tinh Ba Ria, Vung Tau, VNM

Website

http://www.pvc-ic.com.vn

Petroleum Industrial & Civil Construction JSC is a construction Company. It is engaged in building petroleum plants and equipment's. The firm constructs commercial, residential and office buildings, along with industrial buildings, plants and storage facilities for usage in the oil and gas industry.