Huzhou Gas Co (HKSE:06661) Long-Term Capital Lease Obligation : HK$21 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Huzhou Gas Co Long-Term Capital Lease Obligation?

Huzhou Gas Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21 Mil.

Huzhou Gas Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$9 Mil) to Jun. 2023 (HK$9 Mil) but then increased from Jun. 2023 (HK$9 Mil) to Dec. 2023 (HK$21 Mil).

Huzhou Gas Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1 Mil) to Dec. 2022 (HK$9 Mil) and increased from Dec. 2022 (HK$9 Mil) to Dec. 2023 (HK$21 Mil).

Huzhou Gas Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Huzhou Gas 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.

* Premium members only.

Huzhou Gas Co Long-Term Capital Lease Obligation Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.01

0.36

0.70

9.00

20.67

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.70	0.36	9.00	8.86	20.67

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Huzhou Gas Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

Huzhou Gas Co (HKSE:06661) Headlines

No Headlines