China Zenith Chemical Group (HKSE:00362) Long-Term Capital Lease Obligation : HK$1.60 Mil (As of Dec. 2023)

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What is China Zenith Chemical Group Long-Term Capital Lease Obligation?

China Zenith Chemical Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.60 Mil.

China Zenith Chemical Group's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (HK$0.00 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$1.60 Mil).

China Zenith Chemical Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (HK$1.48 Mil) to Jun. 2022 (HK$0.00 Mil) but then stayed the same from Jun. 2022 (HK$0.00 Mil) to Jun. 2023 (HK$0.00 Mil).

China Zenith Chemical Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Zenith Chemical 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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China Zenith Chemical Group Long-Term Capital Lease Obligation Chart

China Zenith Chemical Group Annual Data

Trend

Jun14

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Jun18

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Jun20

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Jun23

Long-Term Capital Lease Obligation

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3.76

1.48

China Zenith Chemical Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.48	-	-	-	1.60

China Zenith Chemical Group (HKSE:00362) 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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China Zenith Chemical Group (HKSE:00362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Zenith Chemical Group Ltd (HKSE:00362) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4007, 40th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chinazenith.com.hk

China Zenith Chemical Group Ltd is an investment holding company which is engaged in the generation and supply of heat and power. The company's operating segments are Heat and power, Chemical products for agriculture, Calcium carbide, and Construction services. It generates maximum revenue from the Calcium carbide segment. The Calcium carbide segment is engaged in manufacture and sale of calcium carbide and lime powder. Geographically, it derives revenue from the People's Republic of China.

Executives

Cheung Hung	2101 Beneficial owner
Zhong Kuang Lian He Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Chiau Che Kong	2101 Beneficial owner
Tang Yiduan	2101 Beneficial owner
Chin Chun Hin	2101 Beneficial owner
Chan Yuen Tung	2101 Beneficial owner
Cheng Ka Kui Arnold	2101 Beneficial owner
Cha Jung Hoon	2101 Beneficial owner
Sze Ching Lau

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