China Oil And Gas Group (China Oil And Gas Group) Long-Term Capital Lease Obligation : $4 Mil (As of Dec. 2023)

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What is China Oil And Gas Group Long-Term Capital Lease Obligation?

China Oil And Gas Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4 Mil.

China Oil And Gas Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($5 Mil) to Jun. 2023 ($4 Mil) but then increased from Jun. 2023 ($4 Mil) to Dec. 2023 ($4 Mil).

China Oil And Gas Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($8 Mil) to Dec. 2022 ($5 Mil) and declined from Dec. 2022 ($5 Mil) to Dec. 2023 ($4 Mil).

China Oil And Gas Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Oil And Gas Group'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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China Oil And Gas Group Long-Term Capital Lease Obligation Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.17

7.54

7.53

5.22

3.64

China Oil And Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.53	8.82	5.22	3.55	3.64

China Oil And Gas Group (OTCPK:CLSZF) 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 Oil And Gas Group (China Oil And Gas Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » Long-Term Capital Lease Obligation

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00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.