China National Building Material Co (China National Building Material Co) Long-Term Capital Lease Obligation : $257 Mil (As of Dec. 2023)

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What is China National Building Material Co Long-Term Capital Lease Obligation?

China National Building Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $257 Mil.

China National Building Material Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($263 Mil) to Jun. 2023 ($244 Mil) but then increased from Jun. 2023 ($244 Mil) to Dec. 2023 ($257 Mil).

China National Building Material Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($403 Mil) to Dec. 2022 ($263 Mil) and declined from Dec. 2022 ($263 Mil) to Dec. 2023 ($257 Mil).

China National Building Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China National Building Material 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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China National Building Material Co Long-Term Capital Lease Obligation Chart

China National Building Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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386.12

416.66

403.27

262.83

256.79

China National Building Material Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															403.27	239.85	262.83	244.49	256.79

China National Building Material Co (OTCPK:CBUMF) 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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China National Building Material Co (China National Building Material Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China National Building Material Co Ltd (OTCPK:CBUMF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

CBUMY:USA 03323:Hong Kong D1Y:Germany

Address

No. 17 Fuxing Road, 21st Floor, Tower 2 (Building B), Guohai Plaza, Haidian District, Beijing, CHN, 100036

Website

http://www.cnbmltd.cn

China National Building Material Co Ltd a state-owned building material holding company. Its reportable segments are Cement segment which includes production and sale of cement, Concrete segment includes Production and sale of concrete, New Materials segment comprises of Production and sale of glass fiber, composite and lightweight building materials, and Engineering Services includes Provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment comprises Merchandise trading business and others. The company operates in China, Europe, Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from china.

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