SITC International Holdings Co (SITC International Holdings Co) Long-Term Capital Lease Obligation : $151 Mil (As of Dec. 2023)

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What is SITC International Holdings Co Long-Term Capital Lease Obligation?

SITC International Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $151 Mil.

SITC International Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($190 Mil) to Jun. 2023 ($169 Mil) and declined from Jun. 2023 ($169 Mil) to Dec. 2023 ($151 Mil).

SITC International Holdings Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($168 Mil) to Dec. 2022 ($190 Mil) but then declined from Dec. 2022 ($190 Mil) to Dec. 2023 ($151 Mil).

SITC International Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for SITC International Holdings 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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SITC International Holdings Co Long-Term Capital Lease Obligation Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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104.66

107.86

168.41

189.76

150.73

SITC International Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															168.41	173.49	189.76	168.86	150.73

SITC International Holdings Co (OTCPK:SITIY) 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.

SITC International Holdings Co Long-Term Capital Lease Obligation Related Terms

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SITC International Holdings Co (SITC International Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (OTCPK:SITIY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

01308:Hong Kong 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.

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