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Dongwu Cement International (HKSE:00695) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)


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What is Dongwu Cement International Long-Term Capital Lease Obligation?

Dongwu Cement International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Dongwu Cement International's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.8 Mil) to Jun. 2023 (HK$0.4 Mil) and declined from Jun. 2023 (HK$0.4 Mil) to Dec. 2023 (HK$0.0 Mil).

Dongwu Cement International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$0.6 Mil) to Dec. 2022 (HK$0.8 Mil) but then declined from Dec. 2022 (HK$0.8 Mil) to Dec. 2023 (HK$0.0 Mil).


Dongwu Cement International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dongwu Cement International'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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Dongwu Cement International Long-Term Capital Lease Obligation Chart

Dongwu Cement International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.82 0.58 0.79 -

Dongwu Cement International 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 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 0.58 0.33 0.79 0.41 -

Dongwu Cement International  (HKSE:00695) 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.

Dongwu Cement International Long-Term Capital Lease Obligation Related Terms

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Dongwu Cement International (HKSE:00695) Business Description

Traded in Other Exchanges
N/A
Address
Fenhu Economic Development Zone, Lili Town, Jiangsu Province, Wujiang District, Suzhou, CHN
Dongwu Cement International Ltd is principally engaged in the production and export of cement. The company operates in two segments. Production & sale of cement and Research & development in biotechnology. The Revenue is generated from the Production and sale of cement. Geographically it operates in the PRC.
Executives
Huang Ying Biao 2101 Beneficial owner
Huang Yingbiao 2101 Beneficial owner

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