JY Gas (HKSE:01407) Long-Term Capital Lease Obligation : HK$2.1 Mil (As of Dec. 2023)

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What is JY Gas Long-Term Capital Lease Obligation?

JY Gas's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.1 Mil.

JY Gas's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$2.2 Mil) to Jun. 2023 (HK$2.1 Mil) and declined from Jun. 2023 (HK$2.1 Mil) to Dec. 2023 (HK$2.1 Mil).

JY Gas's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2.9 Mil) to Dec. 2022 (HK$2.2 Mil) and declined from Dec. 2022 (HK$2.2 Mil) to Dec. 2023 (HK$2.1 Mil).

JY Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for JY Gas'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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JY Gas Long-Term Capital Lease Obligation Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.36

2.46

2.87

2.19

2.07

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2.87	-	2.19	2.10	2.07

JY Gas (HKSE:01407) 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.

JY Gas Long-Term Capital Lease Obligation Related Terms

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JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

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