Chinese People Holdings Co (HKSE:00681) Long-Term Capital Lease Obligation : HK$18 Mil (As of Dec. 2023)

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What is Chinese People Holdings Co Long-Term Capital Lease Obligation?

Chinese People Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$18 Mil.

Chinese People Holdings Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$13 Mil) to Jun. 2023 (HK$24 Mil) but then declined from Jun. 2023 (HK$24 Mil) to Dec. 2023 (HK$18 Mil).

Chinese People Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$18 Mil) to Dec. 2022 (HK$13 Mil) but then increased from Dec. 2022 (HK$13 Mil) to Dec. 2023 (HK$18 Mil).

Chinese People Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chinese People 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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Chinese People Holdings Co Long-Term Capital Lease Obligation Chart

Chinese People Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.48

23.84

17.96

13.19

17.68

Chinese People Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.96	15.30	13.19	23.68	17.68

Chinese People Holdings Co (HKSE:00681) 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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Chinese People Holdings Co (HKSE:00681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chinese People Holdings Co Ltd (HKSE:00681) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KEH:Germany

Address

No. 2 Jingyuan North Street, No. 36 BDA International Business Park, Economic Technological Development Area, Beijing, CHN

Website

http://www.681hk.com

Chinese People Holdings Co Ltd is an investment holding company. Its segments are Piped gas transmission & distribution, which is into sales of piped gas and construction of gas pipeline networks under gas connection contracts; Cylinder gas supply segment includes sales and distribution of gas using tank containers to end-user households, industrial and commercial customers; Gas distribution segment is into sales of natural gas to industrial and commercial customers; and FMCG & food ingredients supply which is into wholesales and retail of merchandise through supermarkets and convenience stores. Geographically, it derives revenue from China.

Executives

Renown City Holdings Limited	2201 Interest of corporation controlled by you
Civios Group Limited	2201 Interest of corporation controlled by you
Mo Shikang	2201 Interest of corporation controlled by you
Mo Yunbi	2201 Interest of corporation controlled by you
Lofty Key Limited	2101 Beneficial owner
Ping Da Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you

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