New Universe Environmental Group (HKSE:00436) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is New Universe Environmental Group Long-Term Capital Lease Obligation?

New Universe Environmental Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

New Universe Environmental Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.3 Mil) to Jun. 2023 (HK$0.2 Mil) and declined from Jun. 2023 (HK$0.2 Mil) to Dec. 2023 (HK$0.0 Mil).

New Universe Environmental Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.7 Mil) to Dec. 2022 (HK$0.3 Mil) and declined from Dec. 2022 (HK$0.3 Mil) to Dec. 2023 (HK$0.0 Mil).

New Universe Environmental Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Universe Environmental 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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New Universe Environmental Group Long-Term Capital Lease Obligation Chart

New Universe Environmental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

0.03

0.72

0.34

New Universe Environmental 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															0.72	0.52	0.34	0.17	-

New Universe Environmental Group (HKSE:00436) 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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New Universe Environmental Group (HKSE:00436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » New Universe Environmental Group Ltd (HKSE:00436) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Wang Hoi Road, Rooms 2110-2112, Telford House, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.nuigl.com

New Universe Environmental Group Ltd is engaged in providing hazardous waste treatment services. It operates in four segments: Provision of industrial and medical waste treatment and disposal services; provision of environmental plating sewage treatment services and provision of related facilities and utilities in an eco-plating specialized zone (including industrial sewage treatment services, providing related utilities and management services, and providing factory facilities); provision of environmental equipment construction and installation services, investments in plastic materials dyeing operations. It mainly functions in China and earns the majority of its revenue from the Environmental waste treatment services segment.

Executives

New Universe Enterprises Limited	2201 Interest of corporation controlled by you
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner

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