Tongguan Mines Construction Co of Tongling Nonferrous Metals Group (BJSE:920019) Long-Term Capital Lease Obligation : ¥0 Mil (As of Sep. 2024)

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What is Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Long-Term Capital Lease Obligation?

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥5 Mil) to Dec. 2022 (¥2 Mil) and declined from Dec. 2022 (¥2 Mil) to Dec. 2023 (¥0 Mil).

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tongguan Mines Construction Co of Tongling Nonferrous Metals Group'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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Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Long-Term Capital Lease Obligation Chart

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.95

2.36

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													2.19	-	-	-	-

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group (BJSE:920019) 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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Long-Term Capital Lease Obligation Related Terms

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Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Mines Construction Co Ltd of Tongling Nonferrous Metals Group (BJSE:920019) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

No. 3058, Qifeng Road, Tongguan District, Anhui Province, Tongling, CHN, 244000

Website

Tongguan Mines Construction Co Ltd of Tongling Nonferrous Metals Group provides integrated development services and related value-added services such as engineering construction, operation management, optimized design, and technology research and development to non-coal mines around the world.

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