Global Strategic Group (HKSE:08007) Long-Term Capital Lease Obligation : HK$3.0 Mil (As of Sep. 2023)

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What is Global Strategic Group Long-Term Capital Lease Obligation?

Global Strategic Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.0 Mil.

Global Strategic Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (HK$0.8 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Sep. 2023 (HK$3.0 Mil).

Global Strategic Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (HK$0.4 Mil) to Sep. 2022 (HK$1.2 Mil) and increased from Sep. 2022 (HK$1.2 Mil) to Sep. 2023 (HK$3.0 Mil).

Global Strategic Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Strategic Group'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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Global Strategic Group Long-Term Capital Lease Obligation Chart

Global Strategic Group Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.39

0.45

1.24

2.98

Global Strategic Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.24	-	0.81	-	2.98

Global Strategic Group (HKSE:08007) 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.

Global Strategic Group Long-Term Capital Lease Obligation Related Terms

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Global Strategic Group (HKSE:08007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Strategic Group Ltd (HKSE:08007) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

89 Lockhart Road, Room 803, 8th Floor, Wanchai Central Building, Wan Cha, Hong Kong, HKG

Website

http://www.globalstrategicgroup.com.hk

Global Strategic Group Ltd is an investment holding company. The company's operating segment includes Natural gas operations; sales and Leasing business and Independent financial advisory. It generates maximum revenue from the Natural gas operations segment. The Natural gas operations segment includes investment in natural gas projects, sales of natural gas, natural gas cooking appliance and accessories, and pipeline installation. Geographically, it derives a majority of revenue from China.

Executives

Sze Ching Lau
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Jiang Bin	2101 Beneficial owner
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Wei Yue Tong	2201 Interest of corporation controlled by you
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