China Resources and Transportation Group (FRA:ZP3C) Long-Term Capital Lease Obligation : €0.39 Mil (As of Sep. 2022)

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What is China Resources and Transportation Group Long-Term Capital Lease Obligation?

China Resources and Transportation Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was €0.39 Mil.

China Resources and Transportation Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2021 (€0.24 Mil) to Mar. 2022 (€0.22 Mil) but then increased from Mar. 2022 (€0.22 Mil) to Sep. 2022 (€0.39 Mil).

China Resources and Transportation Group's annual Long-Term Capital Lease Obligation declined from Mar. 2020 (€0.47 Mil) to Mar. 2021 (€0.31 Mil) and declined from Mar. 2021 (€0.31 Mil) to Mar. 2022 (€0.22 Mil).

China Resources and Transportation Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Resources and Transportation 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 Resources and Transportation Group Long-Term Capital Lease Obligation Chart

China Resources and Transportation Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

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0.47

0.31

0.22

China Resources and Transportation Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.32	0.31	0.24	0.22	0.39

China Resources and Transportation Group (FRA:ZP3C) 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.

China Resources and Transportation Group Long-Term Capital Lease Obligation Related Terms

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China Resources and Transportation Group (FRA:ZP3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Resources and Transportation Group Ltd (FRA:ZP3C) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, 22nd Floor, On Hong Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.crtg.com.hk

China Resources and Transportation Group Ltd is a China-based company. It operates through various business segments that are Expressway Operations, which includes operations, management, maintenance and auxiliary facility investment of Zhunxing Expressway; CNG gas stations operation includes operation of CNG gas stations; and Other Operations, which includes sales of timber logs from forest concession, tree plantation area and outside suppliers, sales of seedlings and refined plant oil. The Expressway Operations segment generates maximum revenue for the company. Geographically, the company has business operations in China, Hong Kong and Australia.

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