Shandong International Trust Co (HKSE:01697) Long-Term Capital Lease Obligation : HK$42.7 Mil (As of Dec. 2023)

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What is Shandong International Trust Co Long-Term Capital Lease Obligation?

Shandong International Trust Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$42.7 Mil.

Shandong International Trust Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$67.4 Mil) to Jun. 2023 (HK$56.5 Mil) and declined from Jun. 2023 (HK$56.5 Mil) to Dec. 2023 (HK$42.7 Mil).

Shandong International Trust Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$8.7 Mil) to Dec. 2022 (HK$67.4 Mil) but then declined from Dec. 2022 (HK$67.4 Mil) to Dec. 2023 (HK$42.7 Mil).

Shandong International Trust Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong International Trust 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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Shandong International Trust Co Long-Term Capital Lease Obligation Chart

Shandong International Trust Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.39

0.15

8.68

67.40

42.72

Shandong International Trust Co Semi-Annual Data
	Dec14	Dec15	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												8.68	61.47	67.40	56.54	42.72

Shandong International Trust Co (HKSE:01697) 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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Shandong International Trust Co (HKSE:01697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong International Trust Co Ltd (HKSE:01697) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

166 Jiefang Road, Lixia District, Shandong Province, Jinan, CHN, 250013

Website

http://www.sitic.com.cn

Shandong International Trust Co Ltd provides financial and wealth management services. The company's business includes capital trust, asset trust, investment bank, asset management and securities investment funds. It has two business lines that are trust business and proprietary business. Shandong has developed a broad range of trust products to meet the financing, investment, wealth management and succession needs of their various types of clients.

Executives

Qing Dao Quan Qiu Cai Fu Zhong Xin Kai Fa Jian She You Xian Gong Si	2101 Beneficial owner
Qing Dao Shi Lao Shan Qu Cai Zheng Ju	2201 Interest of corporation controlled by you
Zhang Xin Ji Jin Guan Li You Xian Ze Ren Gong Si	2301 Trustee
Ji Nan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Ji Nan Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Create Capital Limited	2101 Beneficial owner
Hwabao Trust Co., Ltd	2301 Trustee
Shan Dong Fa Zhan Tou Zi Kong Gu Ji Tuan You Xian Gong Si

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