China Agri-Products Exchange (HKSE:00149) Long-Term Capital Lease Obligation : HK$18.9 Mil (As of Sep. 2023)

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What is China Agri-Products Exchange Long-Term Capital Lease Obligation?

China Agri-Products Exchange's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$18.9 Mil.

China Agri-Products Exchange's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$11.4 Mil) to Mar. 2023 (HK$23.2 Mil) but then declined from Mar. 2023 (HK$23.2 Mil) to Sep. 2023 (HK$18.9 Mil).

China Agri-Products Exchange's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$20.2 Mil) to Mar. 2022 (HK$15.0 Mil) but then increased from Mar. 2022 (HK$15.0 Mil) to Mar. 2023 (HK$23.2 Mil).

China Agri-Products Exchange Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Agri-Products Exchange'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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China Agri-Products Exchange Long-Term Capital Lease Obligation Chart

China Agri-Products Exchange Annual Data

Trend

Dec12

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Dec18

Mar21

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Mar23

Long-Term Capital Lease Obligation

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20.20

15.04

23.20

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.76	15.04	11.43	23.20	18.93

China Agri-Products Exchange (HKSE:00149) 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.

China Agri-Products Exchange Long-Term Capital Lease Obligation Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

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