Zhaojin Mining Industry Co (FRA:ZVL) Long-Term Capital Lease Obligation : €2 Mil (As of Dec. 2023)

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What is Zhaojin Mining Industry Co Long-Term Capital Lease Obligation?

Zhaojin Mining Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2 Mil.

Zhaojin Mining Industry Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€2 Mil) to Jun. 2023 (€2 Mil) and increased from Jun. 2023 (€2 Mil) to Dec. 2023 (€2 Mil).

Zhaojin Mining Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€3 Mil) to Dec. 2022 (€2 Mil) but then increased from Dec. 2022 (€2 Mil) to Dec. 2023 (€2 Mil).

Zhaojin Mining Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhaojin Mining Industry 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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Zhaojin Mining Industry Co Long-Term Capital Lease Obligation Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.27

3.79

2.94

2.04

2.47

Zhaojin Mining Industry 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															2.94	2.15	2.04	2.13	2.47

Zhaojin Mining Industry Co (FRA:ZVL) 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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Zhaojin Mining Industry Co (FRA:ZVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (FRA:ZVL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

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