China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

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What is China Resources Building Materials Technology Holdings Long-Term Capital Lease Obligation?

China Resources Building Materials Technology Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

China Resources Building Materials Technology Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Jun. 2023 ($21 Mil) but then declined from Jun. 2023 ($21 Mil) to Sep. 2023 ($0 Mil).

China Resources Building Materials Technology Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($22 Mil) to Dec. 2021 ($21 Mil) and declined from Dec. 2021 ($21 Mil) to Dec. 2022 ($0 Mil).

China Resources Building Materials Technology Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Resources Building Materials Technology Holdings'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 Resources Building Materials Technology Holdings Long-Term Capital Lease Obligation Chart

China Resources Building Materials Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.78

21.75

21.23

China Resources Building Materials Technology Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	21.47	-	-

China Resources Building Materials Technology Holdings (OTCPK:CJRCF) 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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China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (OTCPK:CJRCF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CARCY:USA 01313:Hong Kong C44:Germany

Address

26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcement.com

China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.