Sany Heavy Equipment International Holdings Co (HKSE:00631) Long-Term Capital Lease Obligation : HK$10 Mil (As of Dec. 2023)

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What is Sany Heavy Equipment International Holdings Co Long-Term Capital Lease Obligation?

Sany Heavy Equipment International Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10 Mil.

Sany Heavy Equipment International Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$20 Mil) to Sep. 2023 (HK$0 Mil) but then increased from Sep. 2023 (HK$0 Mil) to Dec. 2023 (HK$10 Mil).

Sany Heavy Equipment International Holdings Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$0 Mil) but then increased from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$10 Mil).

Sany Heavy Equipment International Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sany Heavy Equipment International Holdings Co'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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Sany Heavy Equipment International Holdings Co Long-Term Capital Lease Obligation Chart

Sany Heavy Equipment International Holdings Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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10.40

Sany Heavy Equipment International Holdings Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	20.49	-	10.40	-

Sany Heavy Equipment International Holdings Co (HKSE:00631) 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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Sany Heavy Equipment International Holdings Co (HKSE:00631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Equipment International Holdings Co Ltd (HKSE:00631) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SNYYF:USA YXS:Germany

Address

No. 25, 16 Kaifa Road, Economic and Technological Development Area, Liaoning Province, Shenyang, CHN, 110000

Website

http://www.sanyhe.com

Sany Heavy Equipment International Holdings Company Limited is a China-based investment holding company. The Company mainly conducts its businesses through two segments. The Mining Equipment segment is mainly engaged in the production and sales of coal machinery, non-coal mining, mining vehicles, robots and smart mining products and accessories, as well as the provision of related services. The Logistics Equipment segment is mainly engaged in the production and sales of container equipment, bulk material equipment, general equipment and accessories and the provision of related services. The Company conducts its businesses in the domestic market and overseas markets.

Sany Heavy Equipment International Holdings Co (HKSE:00631) Headlines

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