Zijin Mining Group Co (HKSE:02899) Long-Term Capital Lease Obligation : HK$83 Mil (As of Mar. 2024)

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What is Zijin Mining Group Co Long-Term Capital Lease Obligation?

Zijin Mining Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$83 Mil.

Zijin Mining Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$181 Mil) to Dec. 2023 (HK$89 Mil) and declined from Dec. 2023 (HK$89 Mil) to Mar. 2024 (HK$83 Mil).

Zijin Mining Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$226 Mil) to Dec. 2022 (HK$249 Mil) but then declined from Dec. 2022 (HK$249 Mil) to Dec. 2023 (HK$89 Mil).

Zijin Mining Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zijin Mining Group 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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Zijin Mining Group Co Long-Term Capital Lease Obligation Chart

Zijin Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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314.18

204.73

225.54

248.57

88.61

Zijin Mining Group Co 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															239.94	208.62	180.70	88.61	83.27

Zijin Mining Group Co (HKSE:02899) 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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Zijin Mining Group Co (HKSE:02899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zijin Mining Group Co Ltd (HKSE:02899) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ZIJMY:USA ZIJMF:USA FJZ:Germany 601899:China

Address

No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200

Website

https://www.zjky.cn

Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

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