China Environmental Resources Group (HKSE:01130) Long-Term Capital Lease Obligation : HK$49.17 Mil (As of Dec. 2023)

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What is China Environmental Resources Group Long-Term Capital Lease Obligation?

China Environmental Resources Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$49.17 Mil.

China Environmental Resources Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$44.81 Mil) to Jun. 2023 (HK$48.36 Mil) and increased from Jun. 2023 (HK$48.36 Mil) to Dec. 2023 (HK$49.17 Mil).

China Environmental Resources Group's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (HK$26.60 Mil) to Jun. 2022 (HK$48.12 Mil) and increased from Jun. 2022 (HK$48.12 Mil) to Jun. 2023 (HK$48.36 Mil).

China Environmental Resources Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Environmental Resources 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 Environmental Resources Group Long-Term Capital Lease Obligation Chart

China Environmental Resources Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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26.31

26.60

48.12

48.36

China Environmental Resources 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															47.77	48.12	44.81	48.36	49.17

China Environmental Resources Group (HKSE:01130) 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 Environmental Resources Group (HKSE:01130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Environmental Resources Group Ltd (HKSE:01130) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RS1:Singapore

Address

No. 1 Science Museum Road, Room 2608, 26th Floor, Greenfield Tower, Concordia Plaza, Tsim Sha Tsui East Kowloon, Hong Kong, HKG

Website

https://www.cergroup.com.hk

China Environmental Resources Group Ltd is an investment holding company. It has seven reportable segments: Trading of recycled metals; Trading of motor vehicles and related accessories; Property investment; Provision of financial services; Sales of golden flower tea products; Securities trading and investment; and Sales of plantation materials and products. It has geographic operations in the PRC, Hong Kong, Nepal, and Macau. It derives a vast majority of the revenues from the trading of motor vehicles and related accessories segment within Hong Kong.

Executives

Cheung Wai Fung	2201 Interest of corporation controlled by you
Kwai Sze Hoi	2201 Interest of corporation controlled by you
Ocean Line Holdings Limited	2101 Beneficial owner
Yeung Chi Hang	2101 Beneficial owner

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