GCL New Energy Holdings (HKSE:00451) Long-Term Capital Lease Obligation : HK$132.4 Mil (As of Dec. 2023)

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What is GCL New Energy Holdings Long-Term Capital Lease Obligation?

GCL New Energy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$132.4 Mil.

GCL New Energy Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$268.0 Mil) to Jun. 2023 (HK$273.5 Mil) but then declined from Jun. 2023 (HK$273.5 Mil) to Dec. 2023 (HK$132.4 Mil).

GCL New Energy Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$407.6 Mil) to Dec. 2022 (HK$268.0 Mil) and declined from Dec. 2022 (HK$268.0 Mil) to Dec. 2023 (HK$132.4 Mil).

GCL New Energy Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for GCL New Energy 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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GCL New Energy Holdings Long-Term Capital Lease Obligation Chart

GCL New Energy Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,218.97

1,065.42

407.61

268.00

132.35

GCL New Energy Holdings Semi-Annual Data
	Mar14	Sep14	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															407.61	294.81	268.00	273.54	132.35

GCL New Energy Holdings (HKSE:00451) 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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GCL New Energy Holdings (HKSE:00451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GCL New Energy Holdings Ltd (HKSE:00451) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SMTLF:USA TJI:Germany

Address

28 Xinqing Road, Industrial Park, GCL New Energy Center, Suzhou, CHN

Website

http://www.gclnewenergy.com

GCL New Energy Holdings Ltd is an investment holding company that engages in the sale of electricity and development, construction, operation, and management of solar power plants. The company generates nearly all of its revenue from China.

Executives

Elite Time Global Limited
Asia Pacific Energy Fund Limited
Credit Suisse Trust Limited
Dongsheng Photovoltaic Technology (hong Kong) Limited
Gcl Technology Holdings Limited
Zhu Gongshan
Zhu Yufeng
Xie Xin Ji Cheng Ke Ji Gu Fen You Xian Gong Si
Invesco Exchange-traded Fund Trust Ii - Invesco Solar Etf	2106 Person having a security interest in shares
Invesco Capital Management Llc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Shang Hai Qi Xun Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ying Kou Qi Yin Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Xie Xin Jian She Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ju Rong Xie Xin Ji Cheng Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you

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