Yankuang Energy Group Co (Yankuang Energy Group Co) Long-Term Capital Lease Obligation : $46 Mil (As of Dec. 2023)

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What is Yankuang Energy Group Co Long-Term Capital Lease Obligation?

Yankuang Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46 Mil.

Yankuang Energy Group Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($48 Mil) to Sep. 2023 ($49 Mil) but then declined from Sep. 2023 ($49 Mil) to Dec. 2023 ($46 Mil).

Yankuang Energy Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($144 Mil) to Dec. 2022 ($62 Mil) and declined from Dec. 2022 ($62 Mil) to Dec. 2023 ($46 Mil).

Yankuang Energy Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yankuang Energy Group 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.

Yankuang Energy Group Co Long-Term Capital Lease Obligation Chart

Yankuang Energy Group Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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161.18

173.41

143.80

62.48

45.53

Yankuang Energy Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															62.48	48.70	48.11	49.46	45.53

Yankuang Energy Group Co (OTCPK:YZCAY) 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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Yankuang Energy Group Co (Yankuang Energy Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yankuang Energy Group Co Ltd (OTCPK:YZCAY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

YZCHF:USA 01171:Hong Kong YZCA:Germany 600188:China

Address

949 South Fushan Road, Shandong Province, Zoucheng, CHN, 273500

Website

http://www.yanzhoucoal.com.cn

Yankuang Energy Group Co Ltd, is an integrated thermal and coking coal-mining company, with operations in mainland China and Australia. The company also engages in power/heat generation and rail transportation and produces coal chemicals including methanol. Coal accounted for more than 90% of the group's gross profit in 2019. The firm is the second-largest coal miner in China by production and is listed on the exchanges in Hong Kong, Shanghai, and New York.

Yankuang Energy Group Co (Yankuang Energy Group Co) Headlines

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