Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Long-Term Capital Lease Obligation : ¥30 Mil (As of Mar. 2024)

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What is Shandong Hualu-hengsheng Chemical Co Long-Term Capital Lease Obligation?

Shandong Hualu-hengsheng Chemical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30 Mil.

Shandong Hualu-hengsheng Chemical Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥12 Mil) to Dec. 2023 (¥13 Mil) and increased from Dec. 2023 (¥13 Mil) to Mar. 2024 (¥30 Mil).

Shandong Hualu-hengsheng Chemical Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥10 Mil) to Dec. 2022 (¥16 Mil) but then declined from Dec. 2022 (¥16 Mil) to Dec. 2023 (¥13 Mil).

Shandong Hualu-hengsheng Chemical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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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Shandong Hualu-hengsheng Chemical Co Long-Term Capital Lease Obligation Chart

Shandong Hualu-hengsheng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.68

15.58

12.87

Shandong Hualu-hengsheng Chemical 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															16.23	12.14	11.93	12.87	29.61

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) 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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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

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