Zhongtian Construction (Hunan) Group (HKSE:02433) Long-Term Capital Lease Obligation : HK$0 Mil (As of Jun. 2023)

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What is Zhongtian Construction (Hunan) Group Long-Term Capital Lease Obligation?

Zhongtian Construction (Hunan) Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0 Mil.

Zhongtian Construction (Hunan) Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (HK$0 Mil) to Dec. 2021 (HK$0 Mil) but then stayed the same from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$0 Mil).

Zhongtian Construction (Hunan) Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhongtian Construction (Hunan) 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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Zhongtian Construction (Hunan) Group Long-Term Capital Lease Obligation Chart

Zhongtian Construction (Hunan) Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.47

0.03

1.60

Zhongtian Construction (Hunan) Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	-	-	1.60

Zhongtian Construction (Hunan) Group (HKSE:02433) 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.

Zhongtian Construction (Hunan) Group Long-Term Capital Lease Obligation Related Terms

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Zhongtian Construction (Hunan) Group (HKSE:02433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongtian Construction (Hunan) Group Ltd (HKSE:02433) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, East Xinhua Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412008

Website

http://www.ztcon.com

Zhongtian Construction (Hunan) Group Ltd is engaged in general contracting construction in the PRC.

Executives

Zt (a) Limited	2101 Beneficial owner
Zt (m) Limited	2101 Beneficial owner

Zhongtian Construction (Hunan) Group (HKSE:02433) Headlines

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