PetroChina Co (SHSE:601857) Long-Term Capital Lease Obligation : ¥113,438 Mil (As of Dec. 2023)

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What is PetroChina Co Long-Term Capital Lease Obligation?

PetroChina Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥113,438 Mil.

PetroChina Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥115,813 Mil) to Sep. 2023 (¥114,158 Mil) and declined from Sep. 2023 (¥114,158 Mil) to Dec. 2023 (¥113,438 Mil).

PetroChina Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥123,222 Mil) to Dec. 2022 (¥118,200 Mil) and declined from Dec. 2022 (¥118,200 Mil) to Dec. 2023 (¥113,438 Mil).

PetroChina Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for PetroChina 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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PetroChina Co Long-Term Capital Lease Obligation Chart

PetroChina Co Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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164,143.00

122,644.00

123,222.00

118,200.00

113,438.00

PetroChina Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															118,200.00	116,963.00	115,813.00	114,158.00	113,438.00

PetroChina Co (SHSE:601857) 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.

PetroChina Co Long-Term Capital Lease Obligation Related Terms

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PetroChina Co (SHSE:601857) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (SHSE:601857) » Definitions » Long-Term Capital Lease Obligation

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PCCYF:USA 00857:Hong Kong PC6:Germany

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.

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