Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Long-Term Capital Lease Obligation : HK$41.4 Mil (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Long-Term Capital Lease Obligation?

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$41.4 Mil.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$33.1 Mil) to Dec. 2022 (HK$18.5 Mil) but then increased from Dec. 2022 (HK$18.5 Mil) to Dec. 2023 (HK$41.4 Mil).

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$33.1 Mil) to Dec. 2022 (HK$18.5 Mil) but then increased from Dec. 2022 (HK$18.5 Mil) to Dec. 2023 (HK$41.4 Mil).

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino-Synergy Hydrogen Energy Technology (Jiaxing) 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.

* Premium members only.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Long-Term Capital Lease Obligation Chart

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

15.62

33.13

18.52

41.40

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	15.62	33.13	18.52	41.40

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) 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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd (HKSE:09663) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501-2, Block No. 37, Hangzhou Bay New Economic Park, Port District, Zhejiang Province, Jiaxing City, CHN

Website

https://www.sinosynergypower.com

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd is a technology-based hydrogen fuel cell company in the PRC focusing on research, development, production, and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. Its products include flexible graphite bipolar plates, hydrogen fuel cell stacks, and hydrogen fuel cell systems.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Headlines

No Headlines