China Development Bank Financial Leasing Co (HKSE:01606) Long-Term Capital Lease Obligation : HK$855 Mil (As of Dec. 2023)

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What is China Development Bank Financial Leasing Co Long-Term Capital Lease Obligation?

China Development Bank Financial Leasing Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$855 Mil.

China Development Bank Financial Leasing Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$800 Mil) to Jun. 2023 (HK$825 Mil) and increased from Jun. 2023 (HK$825 Mil) to Dec. 2023 (HK$855 Mil).

China Development Bank Financial Leasing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$708 Mil) to Dec. 2022 (HK$800 Mil) and increased from Dec. 2022 (HK$800 Mil) to Dec. 2023 (HK$855 Mil).

China Development Bank Financial Leasing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Development Bank Financial Leasing 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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China Development Bank Financial Leasing Co Long-Term Capital Lease Obligation Chart

China Development Bank Financial Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,295.01

766.08

707.50

800.09

855.08

China Development Bank Financial Leasing Co Semi-Annual Data
	Dec13	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															707.50	671.16	800.09	824.80	855.08

China Development Bank Financial Leasing Co (HKSE:01606) 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 Development Bank Financial Leasing Co (HKSE:01606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Development Bank Financial Leasing Co Ltd (HKSE:01606) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

2C6:Germany

Address

No. 2003 Fuzhong, Third Road, CDB Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cdb-leasing.com

China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are Aircraft Leasing, Infrastructure Leasing, Ship Leasing, Inclusive Finance, and Other Leasing businesses. The activities of the company include finance lease business, accepting lease deposits, interbank lending, an project consultancy, and providing a guarantee.

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