China Mobile (China Mobile) Long-Term Capital Lease Obligation : $9,167 Mil (As of Mar. 2024)

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What is China Mobile Long-Term Capital Lease Obligation?

China Mobile's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9,167 Mil.

China Mobile's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($10,032 Mil) to Dec. 2023 ($9,490 Mil) and declined from Dec. 2023 ($9,490 Mil) to Mar. 2024 ($9,167 Mil).

China Mobile's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4,855 Mil) to Dec. 2022 ($11,725 Mil) but then declined from Dec. 2022 ($11,725 Mil) to Dec. 2023 ($9,490 Mil).

China Mobile Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Mobile'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 Mobile Long-Term Capital Lease Obligation Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7,362.02

6,493.05

4,854.85

11,724.69

9,489.79

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															12,165.47	10,757.39	10,031.65	9,489.79	9,166.56

China Mobile (NYSE:CHL) 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 Mobile Long-Term Capital Lease Obligation Related Terms

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China Mobile (China Mobile) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (NYSE:CHL) » Definitions » Long-Term Capital Lease Obligation

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941:Mexico 00941:Hong Kong CTM:Germany 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.