CECEP Wind Power (SHSE:601016) Long-Term Capital Lease Obligation : ¥163 Mil (As of Mar. 2024)

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What is CECEP Wind Power Long-Term Capital Lease Obligation?

CECEP Wind Power's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥163 Mil.

CECEP Wind Power's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥159 Mil) to Dec. 2023 (¥169 Mil) but then declined from Dec. 2023 (¥169 Mil) to Mar. 2024 (¥163 Mil).

CECEP Wind Power's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥160 Mil) to Dec. 2022 (¥161 Mil) and increased from Dec. 2022 (¥161 Mil) to Dec. 2023 (¥169 Mil).

CECEP Wind Power Long-Term Capital Lease Obligation Historical Data

The historical data trend for CECEP Wind Power'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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CECEP Wind Power Long-Term Capital Lease Obligation Chart

CECEP Wind Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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172.32

160.16

161.13

168.77

CECEP Wind Power 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															157.28	163.66	158.51	168.77	163.16

CECEP Wind Power (SHSE:601016) 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.

CECEP Wind Power Long-Term Capital Lease Obligation Related Terms

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CECEP Wind Power (SHSE:601016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Wind Power Corp (SHSE:601016) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Jieneng Mansion No.42, Xizhimen North Street, 12F Building A, Haidian District, Beijing, CHN, 100082

Website

http://www.cecwpc.cn

CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.

Executives

Liu Bin	Directors, senior managers
Zheng Cai Xia	senior management
Jia Rui	senior management
Luo Jie	senior management
Guo Yi	senior management
Zhang Hua Yao	senior management

CECEP Wind Power (SHSE:601016) Headlines

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