Towngas Smart Energy Co (HKSE:01083) Long-Term Capital Lease Obligation : HK$207 Mil (As of Dec. 2023)

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What is Towngas Smart Energy Co Long-Term Capital Lease Obligation?

Towngas Smart Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$207 Mil.

Towngas Smart Energy Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$64 Mil) to Jun. 2023 (HK$144 Mil) and increased from Jun. 2023 (HK$144 Mil) to Dec. 2023 (HK$207 Mil).

Towngas Smart Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$60 Mil) to Dec. 2022 (HK$64 Mil) and increased from Dec. 2022 (HK$64 Mil) to Dec. 2023 (HK$207 Mil).

Towngas Smart Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Towngas Smart Energy 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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Towngas Smart Energy Co Long-Term Capital Lease Obligation Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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35.57

39.55

60.17

64.16

206.85

Towngas Smart Energy Co 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															60.17	76.23	64.16	143.88	206.85

Towngas Smart Energy Co (HKSE:01083) 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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Towngas Smart Energy Co (HKSE:01083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (HKSE:01083) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of pipe gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has three operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.

Executives

Henderson Development Limited	2201 Interest of corporation controlled by you
Planwise Properties Limited	2101 Beneficial owner
Towngas Investment Company Limited	2201 Interest of corporation controlled by you
Lee Ka Kit	2501 Other
Lee Shau Kee	2201 Interest of corporation controlled by you
Faxson Investment Limited	2201 Interest of corporation controlled by you
Towngas International Company Limited	2201 Interest of corporation controlled by you
Hong Kong & China Gas (china) Limited	2101 Beneficial owner
The Hong Kong And China Gas Company Limited	2201 Interest of corporation controlled by you
Rimmer (cayman) Limited	2301 Trustee
Riddick (cayman) Limited	2301 Trustee
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Industrial And Commercial Bank Of China Limited	2201 Interest of corporation controlled by you
Tang Kok Yew	2201 Interest of corporation controlled by you

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