Yanchang Petroleum International (HKSE:00346) Long-Term Capital Lease Obligation : HK$83 Mil (As of Jun. 2024)

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What is Yanchang Petroleum International Long-Term Capital Lease Obligation?

Yanchang Petroleum International's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$83 Mil.

Yanchang Petroleum International's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$87 Mil) to Dec. 2023 (HK$87 Mil) and declined from Dec. 2023 (HK$87 Mil) to Jun. 2024 (HK$83 Mil).

Yanchang Petroleum International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$80 Mil) to Dec. 2022 (HK$95 Mil) but then declined from Dec. 2022 (HK$95 Mil) to Dec. 2023 (HK$87 Mil).

Yanchang Petroleum International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yanchang Petroleum International'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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Yanchang Petroleum International Long-Term Capital Lease Obligation Chart

Yanchang Petroleum International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.32

82.72

79.64

94.51

86.82

Yanchang Petroleum International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															77.86	94.51	87.12	86.82	82.73

Yanchang Petroleum International (HKSE:00346) 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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Yanchang Petroleum International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yanchang Petroleum International Ltd (HKSE:00346) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Causeway Bay, Room 3403, 34th Floor, Lee Garden One, Hong Kong, HKG

Website

http://www.yanchanginternational.com

Yanchang Petroleum International Ltd is engaged in supply and procurement operation of oil-related products. The operating segments of the company are Exploration, exploitation, and operation which comprises the oil and gas exploration, exploitation, sale and operation; and Supply and procurement business segment involves storage, transportation, trading and distribution of oil-related products. It generates maximum revenue from Supply and procurement segment. Geographically, it derives majority revenue from PRC and also has an operation in Canada and Others.

Executives

Shan Xi Yan Zhang Shi You Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yan Zhang Shi You Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong Tou Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

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