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Chagala Group (LSE:CHGG) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2018)


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What is Chagala Group Long-Term Capital Lease Obligation?

Chagala Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2018 was $0.00 Mil.


Chagala Group Long-Term Capital Lease Obligation Historical Data

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

Chagala Group Annual Data
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Long-Term Capital Lease Obligation
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Chagala Group Semi-Annual Data
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Chagala Group  (LSE:CHGG) 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.

Chagala Group Long-Term Capital Lease Obligation Related Terms

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Chagala Group Business Description

Industry
Traded in Other Exchanges
N/A
Address
44 Wyndham Street Central, Wyndham Place, 26th Floor, Hong Kong, HKG
Chagala Group Ltd is a service and facility provider to the oil and gas industry. Business activity of the group is functioned through Room and Rent Operations, and Food and Beverages Operations segments. The company provides residential and business accommodation, associated catering, leisure, transport, warehousing, and logistics support to companies involved in extracting oil and gas from Kazakhstan's Caspian region. Chagala derives most of the revenue from Room and Rent Operations segment and rest from the other.