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Sany Heavy Industry Co (SHSE:600031) Long-Term Capital Lease Obligation : ¥488 Mil (As of Sep. 2023)


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What is Sany Heavy Industry Co Long-Term Capital Lease Obligation?

Sany Heavy Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥488 Mil.

Sany Heavy Industry Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (¥527 Mil) to Jun. 2023 (¥546 Mil) but then declined from Jun. 2023 (¥546 Mil) to Sep. 2023 (¥488 Mil).

Sany Heavy Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (¥149 Mil) to Dec. 2021 (¥122 Mil) but then increased from Dec. 2021 (¥122 Mil) to Dec. 2022 (¥308 Mil).


Sany Heavy Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sany Heavy Industry 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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Sany Heavy Industry Co Long-Term Capital Lease Obligation Chart

Sany Heavy Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 149.44 122.38 308.07

Sany Heavy Industry Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 204.53 308.07 526.73 545.55 487.52

Sany Heavy Industry Co  (SHSE:600031) 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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Sany Heavy Industry Co (SHSE:600031) Business Description

Traded in Other Exchanges
N/A
Address
SANY Industrial Park, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410100
Sany is a leading construction machinery manufacturer in China and is one of the top 10 in the world in terms of revenue. Its products range from concrete and crane machinery to excavator, road construction, piling machinery, and others. Following its acquisition of Putzmeister in 2012, it strengthened its position in the concrete machinery space globally as one of the leading concrete pumps manufacturers. It is also the largest excavator manufacturer in China with 21% market share in 2017. China accounted for around 70% of its revenue in 2019, while the rest comes from overseas markets.

Sany Heavy Industry Co (SHSE:600031) Headlines

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