JiaChen Holding Group (HKSE:01937) Long-Term Capital Lease Obligation : HK$0.0 Mil (As of Dec. 2023)

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What is JiaChen Holding Group Long-Term Capital Lease Obligation?

JiaChen Holding Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

JiaChen Holding Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$0.1 Mil) to Jun. 2023 (HK$0.0 Mil) and declined from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$0.0 Mil).

JiaChen Holding Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$0.2 Mil) to Dec. 2022 (HK$0.1 Mil) and declined from Dec. 2022 (HK$0.1 Mil) to Dec. 2023 (HK$0.0 Mil).

JiaChen Holding Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for JiaChen Holding 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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JiaChen Holding Group Long-Term Capital Lease Obligation Chart

JiaChen Holding Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.30

1.03

0.15

0.06

0.01

JiaChen Holding Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.15	0.07	0.06	0.01	0.01

JiaChen Holding Group (HKSE:01937) 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.

JiaChen Holding Group Long-Term Capital Lease Obligation Related Terms

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JiaChen Holding Group (HKSE:01937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » JiaChen Holding Group Ltd (HKSE:01937) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Changhong East Road, Henglin Town, Wujin District, Jiangsu, Changzhou, CHN

Website

https://www.jiachencn.com.cn

JiaChen Holding Group Ltd is engaged in manufacturing and sales of access flooring products and provide related installation services. Its segments consist of Steel access flooring plates; and Calcium-sulfate access flooring plates. Its access flooring products have been applied in office buildings in the China with characteristics of cable management (wires and cables are managed and organized underfloor with flexibility to accommodate any electronic devices); short installation time; high compressive strength and fire-resistance characteristic; and high bearing capacity. Geographical presence of the company is in Hong Kong, Hong Kong, PRC and Other country and regions.

Executives

Shen Min	2201 Interest of corporation controlled by you
Zhang Yaying	2202 Interest of your spouse
Global Yunhong Group Limited	2101 Beneficial owner
Jia Chen Tou Zi You Xian Gong Si	2101 Beneficial owner
Li Yubao	2201 Interest of corporation controlled by you
Liu Hui	2202 Interest of your spouse
Shen Minghui	2201 Interest of corporation controlled by you
Xin Chen Tou Zi You Xian Gong Si	2101 Beneficial owner
Yi Long Tou Zi You Xian Gong Si	2101 Beneficial owner

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