China Railway Signalmmunication (HKSE:03969) Long-Term Capital Lease Obligation : HK$81 Mil (As of Dec. 2023)

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What is China Railway Signalmmunication Long-Term Capital Lease Obligation?

China Railway Signalmmunication's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$81 Mil.

China Railway Signalmmunication's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$104 Mil) to Sep. 2023 (HK$144 Mil) but then declined from Sep. 2023 (HK$144 Mil) to Dec. 2023 (HK$81 Mil).

China Railway Signalmmunication's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$120 Mil) to Dec. 2022 (HK$132 Mil) but then declined from Dec. 2022 (HK$132 Mil) to Dec. 2023 (HK$81 Mil).

China Railway Signalmmunication Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Railway Signalmmunication'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 Railway Signalmmunication Long-Term Capital Lease Obligation Chart

China Railway Signalmmunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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83.87

95.64

119.69

131.86

81.45

China Railway Signalmmunication Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															131.86	103.56	144.10	81.45	-

China Railway Signalmmunication (HKSE:03969) 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 Railway Signalmmunication (HKSE:03969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (HKSE:03969) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CRYCY:USA 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General project contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

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