COSCO SHIPPING Energy Transportation Co (HKSE:01138) Long-Term Capital Lease Obligation : HK$584 Mil (As of Jun. 2024)

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What is COSCO SHIPPING Energy Transportation Co Long-Term Capital Lease Obligation?

COSCO SHIPPING Energy Transportation Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$584 Mil.

COSCO SHIPPING Energy Transportation Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$803 Mil) to Mar. 2024 (HK$418 Mil) but then increased from Mar. 2024 (HK$418 Mil) to Jun. 2024 (HK$584 Mil).

COSCO SHIPPING Energy Transportation Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,628 Mil) to Dec. 2022 (HK$1,213 Mil) and declined from Dec. 2022 (HK$1,213 Mil) to Dec. 2023 (HK$803 Mil).

COSCO SHIPPING Energy Transportation Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation 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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COSCO SHIPPING Energy Transportation Co Long-Term Capital Lease Obligation Chart

COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Long-Term Capital Lease Obligation

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2,387.19

2,015.23

1,628.03

1,213.36

802.54

COSCO SHIPPING Energy Transportation Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,085.07	802.54	417.71	584.19	517.62

COSCO SHIPPING Energy Transportation Co (HKSE:01138) 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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COSCO SHIPPING Energy Transportation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » COSCO SHIPPING Energy Transportation Co Ltd (HKSE:01138) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HIFH:Germany HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil transportation and LNG. The majority of the firm's revenue gets dominated by the Oil transportation segment.

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