Shanghai Electric Group Co (Shanghai Electric Group Co) Long-Term Capital Lease Obligation : $162 Mil (As of Mar. 2024)

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What is Shanghai Electric Group Co Long-Term Capital Lease Obligation?

Shanghai Electric Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $162 Mil.

Shanghai Electric Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($141 Mil) to Dec. 2023 ($161 Mil) and increased from Dec. 2023 ($161 Mil) to Mar. 2024 ($162 Mil).

Shanghai Electric Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($161 Mil) to Dec. 2022 ($155 Mil) but then increased from Dec. 2022 ($155 Mil) to Dec. 2023 ($161 Mil).

Shanghai Electric Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Electric 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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Shanghai Electric Group Co Long-Term Capital Lease Obligation Chart

Shanghai Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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104.73

114.74

161.40

154.54

161.20

Shanghai Electric 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															160.18	145.58	140.68	161.20	161.95

Shanghai Electric Group Co (OTCPK:SIELY) 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.

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Shanghai Electric Group Co (Shanghai Electric Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Electric Group Co Ltd (OTCPK:SIELY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SIELF:USA 02727:Hong Kong USR:Germany 601727:China

Address

No. 110 Sichuan Middle Road, Huangpu District, Shanghai, CHN, 200002

Website

https://www.shanghai-electric.com

Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment.