Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Long-Term Capital Lease Obligation : ¥44 Mil (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (Group) Co Long-Term Capital Lease Obligation?

Changjiang & Jinggong Steel Building (Group) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥44 Mil.

Changjiang & Jinggong Steel Building (Group) Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥43 Mil) to Dec. 2023 (¥44 Mil) and increased from Dec. 2023 (¥44 Mil) to Mar. 2024 (¥44 Mil).

Changjiang & Jinggong Steel Building (Group) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥40 Mil) to Dec. 2022 (¥41 Mil) and increased from Dec. 2022 (¥41 Mil) to Dec. 2023 (¥44 Mil).

Changjiang & Jinggong Steel Building (Group) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (Group) 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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Changjiang & Jinggong Steel Building (Group) Co Long-Term Capital Lease Obligation Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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39.53

41.46

43.60

Changjiang & Jinggong Steel Building (Group) 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															42.00	42.53	43.06	43.60	44.14

Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) 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.

Changjiang & Jinggong Steel Building (Group) Co Long-Term Capital Lease Obligation Related Terms

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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

Executives

Fang Chao Yang	Director
Zhang Xiao Ying	senior management
Shen Yue Hua	senior management
Qiu Jian Hua	senior management
Chen Shui Fu	senior management
Chen Guo Dong	senior management
Sun Guan Fu	Director
Yan Hong	Director
Qian Wei Jun	Director
Lou Bao Liang	senior management

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