Zhejiang Expressway Co (LSE:ZHEH) Long-Term Capital Lease Obligation : £36 Mil (As of Dec. 2023)

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What is Zhejiang Expressway Co Long-Term Capital Lease Obligation?

Zhejiang Expressway Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £36 Mil.

Zhejiang Expressway Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£35 Mil) to Sep. 2023 (£0 Mil) but then increased from Sep. 2023 (£0 Mil) to Dec. 2023 (£36 Mil).

Zhejiang Expressway Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£43 Mil) to Dec. 2022 (£38 Mil) and declined from Dec. 2022 (£38 Mil) to Dec. 2023 (£36 Mil).

Zhejiang Expressway Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhejiang Expressway 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.

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Zhejiang Expressway Co Long-Term Capital Lease Obligation Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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20.54

34.01

42.53

38.20

36.24

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															38.20	35.15	-	36.24	-

Zhejiang Expressway Co (LSE:ZHEH) 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.

Zhejiang Expressway Co Long-Term Capital Lease Obligation Related Terms

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Zhejiang Expressway Co (LSE:ZHEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (LSE:ZHEH) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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