China Telecom (SGX:K3ED) Long-Term Capital Lease Obligation : $5,629 Mil (As of Mar. 2024)

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What is China Telecom Long-Term Capital Lease Obligation?

China Telecom's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5,629 Mil.

China Telecom's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($6,066 Mil) to Dec. 2023 ($5,973 Mil) and declined from Dec. 2023 ($5,973 Mil) to Mar. 2024 ($5,629 Mil).

China Telecom's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4,489 Mil) to Dec. 2022 ($7,517 Mil) but then declined from Dec. 2022 ($7,517 Mil) to Dec. 2023 ($5,973 Mil).

China Telecom Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Telecom'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 Telecom Long-Term Capital Lease Obligation Chart

China Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,359.61

4,198.46

4,489.35

7,517.25

5,973.22

China Telecom 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															-	6,599.27	6,066.11	5,973.22	5,628.79

China Telecom (SGX:K3ED) 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 Telecom Long-Term Capital Lease Obligation Related Terms

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China Telecom (SGX:K3ED) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Telecom Corp Ltd (SGX:K3ED) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

00728:Hong Kong ZCH:Germany 601728:China

Address

31 Jinrong Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chinatelecom-h.com

China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.

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