Inner Mongolian Baotou Steel Union Co (SHSE:600010) Long-Term Capital Lease Obligation : ¥18 Mil (As of Mar. 2024)

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What is Inner Mongolian Baotou Steel Union Co Long-Term Capital Lease Obligation?

Inner Mongolian Baotou Steel Union Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥18 Mil.

Inner Mongolian Baotou Steel Union Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥36 Mil) to Dec. 2023 (¥19 Mil) and declined from Dec. 2023 (¥19 Mil) to Mar. 2024 (¥18 Mil).

Inner Mongolian Baotou Steel Union Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,235 Mil) to Dec. 2022 (¥137 Mil) and declined from Dec. 2022 (¥137 Mil) to Dec. 2023 (¥19 Mil).

Inner Mongolian Baotou Steel Union Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Inner Mongolian Baotou Steel Union 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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Inner Mongolian Baotou Steel Union Co Long-Term Capital Lease Obligation Chart

Inner Mongolian Baotou Steel Union Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,130.74

1,234.61

137.35

19.30

Inner Mongolian Baotou Steel Union 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															104.10	35.80	35.80	19.30	17.98

Inner Mongolian Baotou Steel Union Co (SHSE:600010) 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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Inner Mongolian Baotou Steel Union Co (SHSE:600010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inner Mongolian Baotou Steel Union Co Ltd (SHSE:600010) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Hexi Industrial Zone, Inner Mongolia Autonomous Region, Kunqu District, Baotou, CHN, 014010

Website

https://www.btsteel.com

Inner Mongolian Baotou Steel Union Co Ltd is a steel company in China. Its products include hot rolled sheets, seamless pipes and heavy rails.

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