Xi'an Haitian Antenna Technologies Co (HKSE:08227) Long-Term Capital Lease Obligation : HK$0.41 Mil (As of Dec. 2023)

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What is Xi'an Haitian Antenna Technologies Co Long-Term Capital Lease Obligation?

Xi'an Haitian Antenna Technologies Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.41 Mil.

Xi'an Haitian Antenna Technologies Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$0.76 Mil) to Sep. 2023 (HK$0.50 Mil) and declined from Sep. 2023 (HK$0.50 Mil) to Dec. 2023 (HK$0.41 Mil).

Xi'an Haitian Antenna Technologies Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$4.24 Mil) to Dec. 2022 (HK$1.02 Mil) and declined from Dec. 2022 (HK$1.02 Mil) to Dec. 2023 (HK$0.41 Mil).

Xi'an Haitian Antenna Technologies Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xi'an Haitian Antenna Technologies 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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Xi'an Haitian Antenna Technologies Co Long-Term Capital Lease Obligation Chart

Xi'an Haitian Antenna Technologies Co Annual Data

Trend

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Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

8.66

4.24

1.02

0.41

Xi'an Haitian Antenna Technologies Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.02	1.11	0.76	0.50	0.41

Xi'an Haitian Antenna Technologies Co (HKSE:08227) 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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Xi'an Haitian Antenna Technologies Co (HKSE:08227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xi'an Haitian Antenna Technologies Co Ltd (HKSE:08227) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No.25 Shuoshi Road, Hi-tech Industrial Development Zone, Shaanxi Province, Xi’an, CHN

Website

http://www.xaht.com

Xi'an Haitian Antenna Technologies Co Ltd is mainly engaged in the manufacturing of communication equipment and also the sale of poultry products. The company operates in four segments based on its sales: Antenna products & provision of related services, Underwater monitoring products & related products, Aircraft products, and Agricultural products. Its product portfolio includes underwater imaging, underwater machinery, drones, avionics imaging, monitoring, automotive electronics, mechanical equipment, and others. The majority is from the Antenna products & provision of related services.

Executives

Hongkong Jinsheng Enterprise Co.,limited	2101 Beneficial owner
Wang Bing	2201 Interest of corporation controlled by you
Chen Wei	2101 Beneficial owner
Huang Lihou	2101 Beneficial owner
Oceanic Bliss Holdings Limited	2101 Beneficial owner

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