Anhui Conch Cement Co (Anhui Conch Cement Co) Long-Term Capital Lease Obligation : $28 Mil (As of Dec. 2023)

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What is Anhui Conch Cement Co Long-Term Capital Lease Obligation?

Anhui Conch Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28 Mil.

Anhui Conch Cement Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($7 Mil) to Sep. 2023 ($6 Mil) but then increased from Sep. 2023 ($6 Mil) to Dec. 2023 ($28 Mil).

Anhui Conch Cement Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8 Mil) to Dec. 2022 ($8 Mil) and increased from Dec. 2022 ($8 Mil) to Dec. 2023 ($28 Mil).

Anhui Conch Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Conch Cement 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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Anhui Conch Cement Co Long-Term Capital Lease Obligation Chart

Anhui Conch Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.97

5.60

7.80

8.04

27.73

Anhui Conch Cement Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.04	6.91	6.57	5.84	27.73

Anhui Conch Cement Co (OTCPK:AHCHY) 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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Anhui Conch Cement Co (Anhui Conch Cement Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Anhui Conch Cement Co Ltd (OTCPK:AHCHY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

AHCHF:USA 00914:Hong Kong AQE:Germany 600585:China

Address

No. 39 Wenhua Road, Anhui Province, Wuhu, CHN, 241000

Website

http://www.conch.cn

Anhui Conch Cement is mainly engaged in the production and sale of cement and clinker. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of 388 million metric tons in 2022, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contributed about 71.9% of its 2022 revenue, with the remainder mainly from the trading business and service income.

Anhui Conch Cement Co (Anhui Conch Cement Co) Headlines

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