China Tobacco International (HK) Co (HKSE:06055) Long-Term Capital Lease Obligation : HK$1 Mil (As of Dec. 2023)

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What is China Tobacco International (HK) Co Long-Term Capital Lease Obligation?

China Tobacco International (HK) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil.

China Tobacco International (HK) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$5 Mil) to Jun. 2023 (HK$4 Mil) and declined from Jun. 2023 (HK$4 Mil) to Dec. 2023 (HK$1 Mil).

China Tobacco International (HK) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$12 Mil) to Dec. 2022 (HK$5 Mil) and declined from Dec. 2022 (HK$5 Mil) to Dec. 2023 (HK$1 Mil).

China Tobacco International (HK) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Tobacco International (HK) 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 Tobacco International (HK) Co Long-Term Capital Lease Obligation Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.31

17.98

11.70

5.39

0.54

China Tobacco International (HK) Co 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									11.70	9.81	5.39	4.45	0.54

China Tobacco International (HK) Co (HKSE:06055) 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.

China Tobacco International (HK) Co Long-Term Capital Lease Obligation Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

Executives

China National Tobacco Corporation	2201 Interest of corporation controlled by you
Tian Li International Company Limited	2101 Beneficial owner

China Tobacco International (HK) Co (HKSE:06055) Headlines

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