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Yuan Heng Gas Holdings (HKSE:00332) Long-Term Capital Lease Obligation : HK$0 Mil (As of Sep. 2023)


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What is Yuan Heng Gas Holdings Long-Term Capital Lease Obligation?

Yuan Heng Gas Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0 Mil.

Yuan Heng Gas Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$1 Mil) to Mar. 2023 (HK$1 Mil) and declined from Mar. 2023 (HK$1 Mil) to Sep. 2023 (HK$0 Mil).

Yuan Heng Gas Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (HK$0 Mil) to Mar. 2022 (HK$1 Mil) but then declined from Mar. 2022 (HK$1 Mil) to Mar. 2023 (HK$1 Mil).


Yuan Heng Gas Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yuan Heng Gas Holdings'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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Yuan Heng Gas Holdings Long-Term Capital Lease Obligation Chart

Yuan Heng Gas Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.88 0.19 1.36 0.59

Yuan Heng Gas Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 1.36 1.05 0.59 0.28

Yuan Heng Gas Holdings  (HKSE:00332) 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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Yuan Heng Gas Holdings (HKSE:00332) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16 Harcourt Road, Room 4102, 41st Floor, Far East Finance Centre, Hong Kong, HKG
Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC.
Executives
Champion Ever Limited 2101 Beneficial owner
Cheng Xu 2202 Interest of your spouse
Wang Jianqing 2201 Interest of corporation controlled by you
Central Huijin Investment Ltd. 2106 Person having a security interest in shares
China Construction Bank Corporation 2106 Person having a security interest in shares
Fundfleet Investment Limited Partnership 2101 Beneficial owner
Galaxy King Limited 2101 Beneficial owner

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