Aluminum of China (BUE:AOCA) Long-Term Capital Lease Obligation : ARS1,003,654 Mil (As of Mar. 2024)

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What is Aluminum of China Long-Term Capital Lease Obligation?

Aluminum of China's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ARS1,003,654 Mil.

Aluminum of China's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (ARS421,105 Mil) to Dec. 2023 (ARS438,648 Mil) and increased from Dec. 2023 (ARS438,648 Mil) to Mar. 2024 (ARS1,003,654 Mil).

Aluminum of China's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (ARS166,779 Mil) to Dec. 2022 (ARS221,462 Mil) and increased from Dec. 2022 (ARS221,462 Mil) to Dec. 2023 (ARS438,648 Mil).

Aluminum of China Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aluminum of China'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.

Aluminum of China Long-Term Capital Lease Obligation Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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59,747.25

77,877.78

166,779.13

221,462.21

438,647.51

Aluminum of China 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															260,515.44	298,401.10	421,104.53	438,647.51	1,003,654.35

Aluminum of China (BUE:AOCA) 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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Aluminum of China (BUE:AOCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (BUE:AOCA) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ALMMF:USA 02600:Hong Kong AOC:Germany 601600:China

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises the production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products and Corporate and other operating segments. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.

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