China International Capital (HKSE:03908) Long-Term Capital Lease Obligation : HK$3,809 Mil (As of Dec. 2023)

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What is China International Capital Long-Term Capital Lease Obligation?

China International Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,809 Mil.

China International Capital's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$1,414 Mil) to Sep. 2023 (HK$0 Mil) but then increased from Sep. 2023 (HK$0 Mil) to Dec. 2023 (HK$3,809 Mil).

China International Capital's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1,564 Mil) to Dec. 2022 (HK$1,663 Mil) and increased from Dec. 2022 (HK$1,663 Mil) to Dec. 2023 (HK$3,809 Mil).

China International Capital Long-Term Capital Lease Obligation Historical Data

The historical data trend for China International Capital'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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China International Capital Long-Term Capital Lease Obligation Chart

China International Capital Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

Long-Term Capital Lease Obligation

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1,081.95

786.61

1,563.90

1,663.47

3,808.95

China International Capital Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,663.47	1,413.69	-	3,808.95

China International Capital (HKSE:03908) 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.

China International Capital Long-Term Capital Lease Obligation Related Terms

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China International Capital (HKSE:03908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China International Capital Corp Ltd (HKSE:03908) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CNICF:USA CIM:Germany 601995:China

Address

1 Jianguomenwai Avenue, 27th and 28th Floor, China World Office 2, Chaoyang District, Beijing, CHN, 100004

Website

https://www.cicc.com

China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried through investment banking, equity sales and trading, fixed income commodities and currencies, Asset Management; Wealth management, and private equity segments. The company derives its earnings predominantly from China and the rest from overseas. It generates maximum revenue from Wealth management segment.

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