China Coal Energy Co (China Coal Energy Co) Long-Term Capital Lease Obligation : $99 Mil (As of Mar. 2024)

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What is China Coal Energy Co Long-Term Capital Lease Obligation?

China Coal Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $99 Mil.

China Coal Energy Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($74 Mil) to Dec. 2023 ($100 Mil) but then declined from Dec. 2023 ($100 Mil) to Mar. 2024 ($99 Mil).

China Coal Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($66 Mil) to Dec. 2022 ($53 Mil) but then increased from Dec. 2022 ($53 Mil) to Dec. 2023 ($100 Mil).

China Coal Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Coal Energy 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.

China Coal Energy Co Long-Term Capital Lease Obligation Chart

China Coal Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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62.19

62.56

65.86

53.43

100.29

China Coal Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															43.16	78.72	73.65	100.29	98.99

China Coal Energy Co (OTCPK:CCOZY) 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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China Coal Energy Co (China Coal Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Coal Energy Co Ltd (OTCPK:CCOZY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CCOZF:USA 01898:Hong Kong CVV:Germany 601898:China

Address

No. 1 Huangsidajie, Chaoyang District, Beijing, CHN, 100120

Website

https://www.chinacoalenergy.com

China Coal Energy Co Ltd is a joint-stock company. The company is a large-scale energy enterprise integrating coal production and trade, coal chemical industry, power generation, and coal mining equipment manufacturing. Its segment includes Coal; Coalchemical products; Mining machinery; Finance and Others. The company generates maximum revenue from the Coal segment.

China Coal Energy Co (China Coal Energy Co) Headlines

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