COSCO SHIPPING Ports (COSCO SHIPPING Ports) Long-Term Capital Lease Obligation : $762.3 Mil (As of Dec. 2023)

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What is COSCO SHIPPING Ports Long-Term Capital Lease Obligation?

COSCO SHIPPING Ports's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $762.3 Mil.

COSCO SHIPPING Ports's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($755.7 Mil) to Sep. 2023 ($740.3 Mil) but then increased from Sep. 2023 ($740.3 Mil) to Dec. 2023 ($762.3 Mil).

COSCO SHIPPING Ports's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($748.5 Mil) to Dec. 2022 ($738.7 Mil) but then increased from Dec. 2022 ($738.7 Mil) to Dec. 2023 ($762.3 Mil).

COSCO SHIPPING Ports Long-Term Capital Lease Obligation Historical Data

The historical data trend for COSCO SHIPPING Ports'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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COSCO SHIPPING Ports Long-Term Capital Lease Obligation Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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733.95

784.24

748.46

738.70

762.33

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	738.70	755.66	740.32	762.33

COSCO SHIPPING Ports (OTCPK:CSPKF) 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.

COSCO SHIPPING Ports Long-Term Capital Lease Obligation Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.