COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Long-Term Capital Lease Obligation : $4,349 Mil (As of Mar. 2024)

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What is COSCO SHIPPING Holdings Co Long-Term Capital Lease Obligation?

COSCO SHIPPING Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,349 Mil.

COSCO SHIPPING Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($4,622 Mil) to Dec. 2023 ($4,460 Mil) and declined from Dec. 2023 ($4,460 Mil) to Mar. 2024 ($4,349 Mil).

COSCO SHIPPING Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($6,354 Mil) to Dec. 2022 ($5,455 Mil) and declined from Dec. 2022 ($5,455 Mil) to Dec. 2023 ($4,460 Mil).

COSCO SHIPPING Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co Long-Term Capital Lease Obligation Chart

COSCO SHIPPING Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,623.06

6,064.43

6,354.11

5,454.91

4,459.53

COSCO SHIPPING Holdings 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															5,209.24	4,969.06	4,622.47	4,459.53	4,348.81

COSCO SHIPPING Holdings Co (OTCPK:CICOF) 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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COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Business Description

Industry

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

Traded in Other Exchanges

CICOY:USA 01919:Hong Kong C6G0:Germany C6G:Germany C6G:Germany C6G:Germany 601919:China

Address

No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080

Website

https://hold.coscoshipping.com

COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Headlines

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