CITIC Envirotech (TPE:911610) Long-Term Capital Lease Obligation : NT$212 Mil (As of Sep. 2019)

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What is CITIC Envirotech Long-Term Capital Lease Obligation?

CITIC Envirotech's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was NT$212 Mil.

CITIC Envirotech's quarterly Long-Term Capital Lease Obligation increased from Mar. 2019 (NT$34 Mil) to Jun. 2019 (NT$228 Mil) but then declined from Jun. 2019 (NT$228 Mil) to Sep. 2019 (NT$212 Mil).

CITIC Envirotech's annual Long-Term Capital Lease Obligation increased from Dec. 2016 (NT$4 Mil) to Dec. 2017 (NT$5 Mil) but then declined from Dec. 2017 (NT$5 Mil) to Dec. 2018 (NT$3 Mil).

CITIC Envirotech Long-Term Capital Lease Obligation Historical Data

The historical data trend for CITIC Envirotech'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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CITIC Envirotech Long-Term Capital Lease Obligation Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

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0.60

4.11

3.77

5.25

3.03

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.65	3.03	33.95	227.83	212.45

CITIC Envirotech (TPE:911610) 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.

CITIC Envirotech Long-Term Capital Lease Obligation Related Terms

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CITIC Envirotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (TPE:911610) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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