Binhai Investment Co (HKSE:02886) Long-Term Capital Lease Obligation : HK$6 Mil (As of Dec. 2023)

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What is Binhai Investment Co Long-Term Capital Lease Obligation?

Binhai Investment Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6 Mil.

Binhai Investment Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$16 Mil) to Jun. 2023 (HK$11 Mil) and declined from Jun. 2023 (HK$11 Mil) to Dec. 2023 (HK$6 Mil).

Binhai Investment Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$10 Mil) to Dec. 2022 (HK$16 Mil) but then declined from Dec. 2022 (HK$16 Mil) to Dec. 2023 (HK$6 Mil).

Binhai Investment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Binhai Investment 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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Binhai Investment Co Long-Term Capital Lease Obligation Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.18

8.29

10.02

15.62

6.41

Binhai Investment 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															10.02	13.72	15.62	11.29	6.41

Binhai Investment Co (HKSE:02886) 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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Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

Executives

Teda Investment Holding Co., Ltd.
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you
China Petrochemical Corporation	2101 Beneficial owner
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si	2101 Beneficial owner

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