Jinneng Holding Shanxi Electric Power Co (SZSE:000767) Long-Term Capital Lease Obligation : ¥178 Mil (As of Mar. 2024)

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What is Jinneng Holding Shanxi Electric Power Co Long-Term Capital Lease Obligation?

Jinneng Holding Shanxi Electric Power Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥178 Mil.

Jinneng Holding Shanxi Electric Power Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥205 Mil) to Dec. 2023 (¥171 Mil) but then increased from Dec. 2023 (¥171 Mil) to Mar. 2024 (¥178 Mil).

Jinneng Holding Shanxi Electric Power Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,358 Mil) to Dec. 2022 (¥296 Mil) and declined from Dec. 2022 (¥296 Mil) to Dec. 2023 (¥171 Mil).

Jinneng Holding Shanxi Electric Power Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jinneng Holding Shanxi Electric Power 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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Jinneng Holding Shanxi Electric Power Co Long-Term Capital Lease Obligation Chart

Jinneng Holding Shanxi Electric Power Co Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,598.22

1,357.63

295.74

171.32

Jinneng Holding Shanxi Electric Power 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															224.22	198.32	205.21	171.32	177.97

Jinneng Holding Shanxi Electric Power Co (SZSE:000767) 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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Jinneng Holding Shanxi Electric Power Co (SZSE:000767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jinneng Holding Shanxi Electric Power Co Ltd (SZSE:000767) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, South Road, Jinyang Street, Demonstration Zone, Shanxi Province, Floor 1--22, Building 1, Taiyuan, CHN, 030006

Website

http://www.zhangzepower.com

Jinneng Holding Shanxi Electric Power Co Ltd, formerly Shanxi Zhangze Electric Power Co Ltd is engaged in the distribution of electric power, thermal electric power, and water in China. The company operates primarily in Shanxi Province and the Inner Mongolia Autonomous Region.

Executives

Xia Gui Suo	Director
Li Guang Hua	Director
Guo Qiu Ping	Directors, executives
Guo Shou Guo	Executives, supervisors

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