Hao Tian International Construction Investment Group (HKSE:01341) Long-Term Capital Lease Obligation : HK$8.0 Mil (As of Sep. 2023)

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What is Hao Tian International Construction Investment Group Long-Term Capital Lease Obligation?

Hao Tian International Construction Investment Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$8.0 Mil.

Hao Tian International Construction Investment Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$12.0 Mil) to Mar. 2023 (HK$14.0 Mil) but then declined from Mar. 2023 (HK$14.0 Mil) to Sep. 2023 (HK$8.0 Mil).

Hao Tian International Construction Investment Group's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (HK$17.0 Mil) to Mar. 2022 (HK$17.0 Mil) but then declined from Mar. 2022 (HK$17.0 Mil) to Mar. 2023 (HK$14.0 Mil).

Hao Tian International Construction Investment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hao Tian International Construction Investment Group'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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Hao Tian International Construction Investment Group Long-Term Capital Lease Obligation Chart

Hao Tian International Construction Investment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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5.70

28.00

17.00

14.00

Hao Tian International Construction Investment Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													13.00	17.00	12.00	14.00	8.00

Hao Tian International Construction Investment Group (HKSE:01341) 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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Hao Tian International Construction Investment Group (HKSE:01341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hao Tian International Construction Investment Group Ltd (HKSE:01341) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HAOTF:USA

Address

6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.haotianint.com.hk

Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, securities brokerage, commodities, futures, and other financial services business and Property development business. The company operates in Hong Kong, The People's Republic of China, Macau, and Cambodia geographically.

Executives

Aceso Life Science Group Limited	2201 Interest of corporation controlled by you
Asia Link Capital Investment Holdings Limited	2201 Interest of corporation controlled by you
Win Team Investments Limited	2201 Interest of corporation controlled by you
Hao Tian Management (china) Limited	2101 Beneficial owner
Li Shao Yu	2201 Interest of corporation controlled by you
Yi Tai Gu Fen Xiang Gang You Xian Gong Si	2101 Beneficial owner
Nei Meng Gu Yi Tai Mei Tan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Lin Yuan	2101 Beneficial owner
Hao Tian Management (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Su Junhao	2101 Beneficial owner
Soaring Wealth Ventures Limited	2101 Beneficial owner

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