General Steel Holdings (General Steel Holdings) Long-Term Capital Lease Obligation : $0.02 Mil (As of Jun. 2019)

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What is General Steel Holdings Long-Term Capital Lease Obligation?

General Steel Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.02 Mil.

General Steel Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Mar. 2019 ($0.04 Mil) but then declined from Mar. 2019 ($0.04 Mil) to Jun. 2019 ($0.02 Mil).

General Steel Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Steel Holdings'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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General Steel Holdings Long-Term Capital Lease Obligation Chart

General Steel Holdings Annual Data

Trend

Dec09

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Long-Term Capital Lease Obligation

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393.25

General Steel Holdings Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.04	0.02

General Steel Holdings (OTCPK:GSIH) 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.

General Steel Holdings Long-Term Capital Lease Obligation Related Terms

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General Steel Holdings (General Steel Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » General Steel Holdings Inc (OTCPK:GSIH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phoenix Place, Shuguangxili, Suite 106, Tower H,, Chaoyang District, Beijing, CHN, 100028

Website

http://www.gshi-steel.com

General Steel Holdings Inc is a manufacturer of steel products. The company through its subsidiary is operating steel companies serving various industries in the People's Republic of China. Its product includes steel rebar, hot-rolled carbon and silicon sheets and spiral-weld pipes.

Executives

Wenbing Wang

director

21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020