Shunfeng International Clean Energy (HKSE:01165) Long-Term Capital Lease Obligation : HK$16.2 Mil (As of Dec. 2023)

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What is Shunfeng International Clean Energy Long-Term Capital Lease Obligation?

Shunfeng International Clean Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16.2 Mil.

Shunfeng International Clean Energy's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$23.0 Mil) to Jun. 2023 (HK$27.8 Mil) but then declined from Jun. 2023 (HK$27.8 Mil) to Dec. 2023 (HK$16.2 Mil).

Shunfeng International Clean Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$16.2 Mil) to Dec. 2022 (HK$23.0 Mil) but then declined from Dec. 2022 (HK$23.0 Mil) to Dec. 2023 (HK$16.2 Mil).

Shunfeng International Clean Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shunfeng International Clean Energy'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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Shunfeng International Clean Energy Long-Term Capital Lease Obligation Chart

Shunfeng International Clean Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.07

18.60

16.20

23.03

16.24

Shunfeng International Clean Energy 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															16.20	22.97	23.03	27.77	16.24

Shunfeng International Clean Energy (HKSE:01165) 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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Shunfeng International Clean Energy (HKSE:01165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shunfeng International Clean Energy Ltd (HKSE:01165) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SHUNF:USA

Address

Number 26 Harbour Road, Rooms 3803-05, 38/F, China Resources Building, Wan Chai, HKG

Website

http://www.sfcegroup.com

Shunfeng International Clean Energy Ltd is a diversified integrated provider of clean energies and low-carbon and energy-saving solutions. It operates in a single segment namely solar power generation. Geographically, it generates the majority of revenue from Mainland China.

Executives

Gardner Aaron Luke (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Fok Hei Yu (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Faithsmart Limited	2201 Interest of corporation controlled by you
Cheng Kin Ming	2201 Interest of corporation controlled by you
Bank Of Communications Co., Ltd.	2106 Person having a security interest in shares
Bocom International Holdings Company Limited	2106 Person having a security interest in shares
Tang Guoqiang	2201 Interest of corporation controlled by you
Asia Pacific Resources Development Investment Limited	2201 Interest of corporation controlled by you
Peace Link Services Limited	2201 Interest of corporation controlled by you

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