China Chengtong Development Group (HKSE:00217) Long-Term Capital Lease Obligation : HK$3.2 Mil (As of Dec. 2023)

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What is China Chengtong Development Group Long-Term Capital Lease Obligation?

China Chengtong Development Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.2 Mil.

China Chengtong Development Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.4 Mil) to Jun. 2023 (HK$3.5 Mil) and declined from Jun. 2023 (HK$3.5 Mil) to Dec. 2023 (HK$3.2 Mil).

China Chengtong Development Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$4.4 Mil) but then declined from Dec. 2022 (HK$4.4 Mil) to Dec. 2023 (HK$3.2 Mil).

China Chengtong Development Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Chengtong Development 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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China Chengtong Development Group Long-Term Capital Lease Obligation Chart

China Chengtong Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.35

3.31

4.40

3.23

China Chengtong Development Group 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															-	4.55	4.40	3.52	3.23

China Chengtong Development Group (HKSE:00217) 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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China Chengtong Development Group (HKSE:00217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Chengtong Development Group Ltd (HKSE:00217) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CCO:Germany

Address

18 Harbour Road, Suite 6406, 64th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.hk217.com

China Chengtong Development Group is an investment holding company and has its operations divided into five business segments: property development, property investment, finance leasing, bulk commodity trade, and marine recreation services and hotel. The property development segment holds land for property development projects. The property investment segment offers rental services and holds investment properties for appreciation. The finance leasing segment offers finance leasing services, such as arranging sales and leaseback transactions. The bulk commodity trade segment, which generates the vast majority of the company's revenue, includes the trading of coal, steel, and nonferrous metal. The company earns its revenue in the People's Republic of China.

Executives

China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2101 Beneficial owner

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