Ganfeng Lithium Group Co (SZSE:002460) Long-Term Capital Lease Obligation : ¥13 Mil (As of Dec. 2023)

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What is Ganfeng Lithium Group Co Long-Term Capital Lease Obligation?

Ganfeng Lithium Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥13 Mil.

Ganfeng Lithium Group Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥32 Mil) to Sep. 2023 (¥25 Mil) and declined from Sep. 2023 (¥25 Mil) to Dec. 2023 (¥13 Mil).

Ganfeng Lithium Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥20 Mil) to Dec. 2022 (¥26 Mil) but then declined from Dec. 2022 (¥26 Mil) to Dec. 2023 (¥13 Mil).

Ganfeng Lithium Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co Long-Term Capital Lease Obligation Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.88

24.40

19.89

26.20

12.56

Ganfeng Lithium Group 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															26.20	21.77	32.38	25.41	12.56

Ganfeng Lithium Group Co (SZSE:002460) 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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Ganfeng Lithium Group Co (SZSE:002460) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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