CGN Mining Co (HKSE:01164) Long-Term Capital Lease Obligation : HK$0 Mil (As of Dec. 2023)

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What is CGN Mining Co Long-Term Capital Lease Obligation?

CGN Mining Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil.

CGN Mining Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1 Mil) to Jun. 2023 (HK$0 Mil) but then stayed the same from Jun. 2023 (HK$0 Mil) to Dec. 2023 (HK$0 Mil).

CGN Mining Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2 Mil) to Dec. 2022 (HK$1 Mil) and declined from Dec. 2022 (HK$1 Mil) to Dec. 2023 (HK$0 Mil).

CGN Mining Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CGN Mining Co'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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CGN Mining Co Long-Term Capital Lease Obligation Chart

CGN Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.02

1.16

2.42

0.66

CGN Mining Co 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															2.42	1.43	0.66	-	-

CGN Mining Co (HKSE:01164) 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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CGN Mining Co (HKSE:01164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CGN Mining Co Ltd (HKSE:01164) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CGNMF:USA VBO:Germany

Address

No. 26 Harbour Road, Room 1903,19th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.cgnmc.com

CGN Mining Co Ltd is an investment holding company. It is engaged in the development and trading of natural uranium resources for use by nuclear energy companies. The company organized into three main segments: Natural uranium trading, Property investment, and Other investment. It's Natural uranium trading segment engages in trading of natural uranium. The property investment segment engages in leasing and selling of office premises and other investments segment engages in investment in a joint venture. The company generates majority of its revenue from the trading of natural uranium.

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