Hongli Group (Hongli Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Hongli Group Long-Term Capital Lease Obligation?

Hongli Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Hongli Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.05 Mil) to Jun. 2023 ($0.00 Mil) and declined from Jun. 2023 ($0.00 Mil) to Dec. 2023 ($0.00 Mil).

Hongli Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.29 Mil) to Dec. 2022 ($0.05 Mil) and declined from Dec. 2022 ($0.05 Mil) to Dec. 2023 ($0.00 Mil).

Hongli Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hongli 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.

* Premium members only.

Hongli Group Long-Term Capital Lease Obligation Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.07

0.29

0.05

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.29	0.12	0.05	-	-

Hongli Group (NAS:HLP) 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.

Hongli Group Long-Term Capital Lease Obligation Related Terms

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

Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

Hongli Group (Hongli Group) Headlines

From GuruFocus

Hongli Group Inc. Announces the Exercise of the Underwriter's Over-Allotment Option

By sperokesalga sperokesalga • 05-02-2023

Hongli Group Inc. Announces Closing of US$8.25 Million Initial Public Offering

By sperokesalga sperokesalga • 03-31-2023

Hongli Group Inc. Announces Pricing of Initial Public Offering

By sperokesalga sperokesalga • 03-29-2023