Kangda International Environmental Co (HKSE:06136) Long-Term Capital Lease Obligation : HK$2 Mil (As of Dec. 2023)

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What is Kangda International Environmental Co Long-Term Capital Lease Obligation?

Kangda International Environmental Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2 Mil.

Kangda International Environmental Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$2 Mil) to Jun. 2023 (HK$2 Mil) but then declined from Jun. 2023 (HK$2 Mil) to Dec. 2023 (HK$2 Mil).

Kangda International Environmental Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2 Mil) to Dec. 2022 (HK$2 Mil) and declined from Dec. 2022 (HK$2 Mil) to Dec. 2023 (HK$2 Mil).

Kangda International Environmental Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kangda International Environmental 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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Kangda International Environmental Co Long-Term Capital Lease Obligation Chart

Kangda International Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.17

2.29

2.30

1.90

1.64

Kangda International Environmental Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															2.30	2.12	1.90	2.10	1.64

Kangda International Environmental Co (HKSE:06136) 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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Kangda International Environmental Co (HKSE:06136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Kangda International Environmental Co Ltd (HKSE:06136) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Avenue of Stars, High-Tech Park, North New Zone, Chongqing, CHN

Website

http://www.kangdaep.com

Kangda International Environmental Co Ltd provides water and waste treatment, new energy development, and environmental protection equipment. The company has three reportable segments namely Urban Water Treatment, Water Environment Comprehensive Remediation and Rural Water Improvement. It generates maximum revenue from the Urban Water Treatment segment. Geographically, it derives revenue from Mainland China. It serves various sectors of the water industry such as integrated watershed management, sponge cities, reclaimed water, sludge, heat pump, and photovoltaic.

Executives

Bpea Eqt Holdings Ab	2201 Interest of corporation controlled by you
Eqt Ab	2201 Interest of corporation controlled by you
Salata Jean Eric	2201 Interest of corporation controlled by you
Zhao Juanxian (alias, Junxian)	2401 A concert party to an agreement to buy shares
Zhao Sizhen	2201 Interest of corporation controlled by you
Kangda Holdings Company Limited	2101 Beneficial owner
China Water Affairs Group Limited	2201 Interest of corporation controlled by you
Sharp Profit Investments Limited	2101 Beneficial owner
Baring Private Equity Asia Gp V Limited
Baring Private Equity Asia Gp V, L.p.
Baring Private Equity Asia V Holding (5) Limited
The Baring Asia Private Equity Fund V, L.p.

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