JiaXing Gas Group Co (HKSE:09908) Long-Term Capital Lease Obligation : HK$165 Mil (As of Dec. 2023)

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What is JiaXing Gas Group Co Long-Term Capital Lease Obligation?

JiaXing Gas Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$165 Mil.

JiaXing Gas Group Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$163 Mil) to Jun. 2023 (HK$163 Mil) but then increased from Jun. 2023 (HK$163 Mil) to Dec. 2023 (HK$165 Mil).

JiaXing Gas Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$177 Mil) to Dec. 2022 (HK$163 Mil) but then increased from Dec. 2022 (HK$163 Mil) to Dec. 2023 (HK$165 Mil).

JiaXing Gas Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for JiaXing Gas Group 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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JiaXing Gas Group Co Long-Term Capital Lease Obligation Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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171.68

180.85

177.38

163.31

164.91

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							177.38	172.62	163.31	162.96	164.91

JiaXing Gas Group Co (HKSE:09908) 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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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

Executives

Xinneng (hong Kong) Energy Investment Limited	2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd.	2201 Interest of corporation controlled by you
Zhao Baoju	2201 Interest of corporation controlled by you
Wang Yusuo	2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited	2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd.	2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited	2201 Interest of corporation controlled by you
Enn Group International Investment Limited	2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd.	2201 Interest of corporation controlled by you
Dan Hongying	2202 Interest of your spouse
Liu Zhenjiang	2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si	2101 Beneficial owner
Shen Xiaohong	2201 Interest of corporation controlled by you

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