China Chunlai Education Group Co (HKSE:01969) Long-Term Capital Lease Obligation : HK$0 Mil (As of Aug. 2023)

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What is China Chunlai Education Group Co Long-Term Capital Lease Obligation?

China Chunlai Education Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was HK$0 Mil.

China Chunlai Education Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Chunlai Education Group 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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China Chunlai Education Group Co Long-Term Capital Lease Obligation Chart

China Chunlai Education Group Co Annual Data

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Long-Term Capital Lease Obligation

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China Chunlai Education Group Co Semi-Annual Data
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China Chunlai Education Group Co (HKSE:01969) 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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China Chunlai Education Group Co (HKSE:01969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000

Website

https://www.chunlaiedu.com

China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.

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