Guangdong Provincial Expressway Development Co (SZSE:200429) Long-Term Capital Lease Obligation : HK$6 Mil (As of Sep. 2024)

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What is Guangdong Provincial Expressway Development Co Long-Term Capital Lease Obligation?

Guangdong Provincial Expressway Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$6 Mil.

Guangdong Provincial Expressway Development Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (HK$12 Mil) to Jun. 2024 (HK$9 Mil) and declined from Jun. 2024 (HK$9 Mil) to Sep. 2024 (HK$6 Mil).

Guangdong Provincial Expressway Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$0 Mil) but then increased from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$15 Mil).

Guangdong Provincial Expressway Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangdong Provincial Expressway Development 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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Guangdong Provincial Expressway Development Co Long-Term Capital Lease Obligation Chart

Guangdong Provincial Expressway Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.52

3.40

0.17

14.75

Guangdong Provincial Expressway Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.40	14.75	11.84	8.85	6.09

Guangdong Provincial Expressway Development Co (SZSE:200429) 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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Guangdong Provincial Expressway Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Provincial Expressway Development Co Ltd (SZSE:200429) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

000429:China

Address

Zhujiang East Road, 45-46th Floor, Litong Plaza, No.32, Zhujiang New City, Tihe Disrtict, Guangzhou, CHN, 510623

Website

http://www.gpedcl.com

Guangdong Provincial Expressway Development Co Ltd is principally engaged in the development and operation of expressways and large bridges. It is involved in tolling and maintenance of Guangfo Expressway, Fokai Expressway, Jiujiang Bridge, Huiyan Expressway, Maozhan Expressway, Jiangzhong Expressway, Kangda Expressway and Gankang Expressway.

Executives

Wang Chun Hua	Directors, executives
Cao Yu	Director

Guangdong Provincial Expressway Development Co Headlines

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