Shanxi Meineng Clean Energy Co (SZSE:001299) Long-Term Capital Lease Obligation : ¥2.6 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shanxi Meineng Clean Energy Co Long-Term Capital Lease Obligation?

Shanxi Meineng Clean Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.6 Mil.

Shanxi Meineng Clean Energy Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥0.5 Mil) to Dec. 2023 (¥0.4 Mil) but then increased from Dec. 2023 (¥0.4 Mil) to Mar. 2024 (¥2.6 Mil).

Shanxi Meineng Clean Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1.6 Mil) to Dec. 2022 (¥0.5 Mil) and declined from Dec. 2022 (¥0.5 Mil) to Dec. 2023 (¥0.4 Mil).

Shanxi Meineng Clean Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanxi Meineng Clean Energy 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.

* Premium members only.

Shanxi Meineng Clean Energy Co Long-Term Capital Lease Obligation Chart

Shanxi Meineng Clean Energy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

2.21

1.63

0.49

0.41

Shanxi Meineng Clean Energy Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													0.48	0.55	0.48	0.41	2.63

Shanxi Meineng Clean Energy Co (SZSE:001299) 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.

Shanxi Meineng Clean Energy Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Shanxi Meineng Clean Energy Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanxi Meineng Clean Energy Co (SZSE:001299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanxi Meineng Clean Energy Co Ltd (SZSE:001299) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, Room B1605, Pioneer Plaza, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710016

Website

http://www.meinenggas.com

Shanxi Meineng Clean Energy Co Ltd is an innovative and energetic professional gas operation enterprise. It is mainly engaged in investment in urban gas, compressed natural gas filling stations, LNG production plants and filling stations, coal-to-natural gas production plants, and gas pipelines; consulting in the gas industry, training and management.

Shanxi Meineng Clean Energy Co (SZSE:001299) Headlines

No Headlines