Tianjin Tianbao Energy Co (HKSE:01671) Long-Term Capital Lease Obligation : HK$1.3 Mil (As of Dec. 2023)

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What is Tianjin Tianbao Energy Co Long-Term Capital Lease Obligation?

Tianjin Tianbao Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.3 Mil.

Tianjin Tianbao Energy Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$1.5 Mil) to Jun. 2023 (HK$1.5 Mil) but then declined from Jun. 2023 (HK$1.5 Mil) to Dec. 2023 (HK$1.3 Mil).

Tianjin Tianbao Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1.8 Mil) to Dec. 2022 (HK$1.5 Mil) and declined from Dec. 2022 (HK$1.5 Mil) to Dec. 2023 (HK$1.3 Mil).

Tianjin Tianbao Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tianjin Tianbao Energy 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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Tianjin Tianbao Energy Co Long-Term Capital Lease Obligation Chart

Tianjin Tianbao Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.36

1.80

1.49

1.30

Tianjin Tianbao Energy Co Semi-Annual Data
	Dec15	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											1.80	1.77	1.49	1.50	1.30

Tianjin Tianbao Energy Co (HKSE:01671) 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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Tianjin Tianbao Energy Co (HKSE:01671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461

Website

https://www.tjtbny.com

Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.

Executives

Yuan Andy Yun Nan	2101 Beneficial owner
Tian Jin Bao Shui Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Tian Bao Kong Gu You Xian Gong Si	2101 Beneficial owner

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