China Petroleum & Chemical (BSP:C1HI34) Long-Term Capital Lease Obligation : R$111,968 Mil (As of Sep. 2023)

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What is China Petroleum & Chemical Long-Term Capital Lease Obligation?

China Petroleum & Chemical's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R$111,968 Mil.

China Petroleum & Chemical's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (R$125,933 Mil) to Jun. 2023 (R$112,079 Mil) and declined from Jun. 2023 (R$112,079 Mil) to Sep. 2023 (R$111,968 Mil).

China Petroleum & Chemical's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (R$135,114 Mil) to Dec. 2021 (R$151,139 Mil) but then declined from Dec. 2021 (R$151,139 Mil) to Dec. 2022 (R$125,202 Mil).

China Petroleum & Chemical Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Petroleum & Chemical'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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China Petroleum & Chemical Long-Term Capital Lease Obligation Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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103,976.92

135,113.97

151,139.15

125,202.07

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															126,033.15	125,202.07	125,933.40	112,078.90	111,968.18

China Petroleum & Chemical (BSP:C1HI34) 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.

China Petroleum & Chemical Long-Term Capital Lease Obligation Related Terms

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China Petroleum & Chemical (BSP:C1HI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (BSP:C1HI34) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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