Jinko Solar Co (SHSE:688223) Long-Term Capital Lease Obligation : ¥550 Mil (As of Dec. 2023)

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What is Jinko Solar Co Long-Term Capital Lease Obligation?

Jinko Solar Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥550 Mil.

Jinko Solar Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (¥314 Mil) to Sep. 2023 (¥334 Mil) and increased from Sep. 2023 (¥334 Mil) to Dec. 2023 (¥550 Mil).

Jinko Solar Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (¥583 Mil) to Dec. 2021 (¥615 Mil) but then declined from Dec. 2021 (¥615 Mil) to Dec. 2022 (¥531 Mil).

Jinko Solar Co Long-Term Capital Lease Obligation Historical Data

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

Jinko Solar Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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582.54

615.07

530.67

Jinko Solar Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Dec19	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															530.67	560.84	313.95	333.93	549.94

Jinko Solar Co (SHSE:688223) 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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Jinko Solar Co (SHSE:688223) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jinko Solar Co Ltd (SHSE:688223) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000

Website

https://www.jinkosolar.com

Jinko Solar Co Ltd is engaged in the research and development, production and sales of solar photovoltaic modules, cells and silicon wafers.

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