China Energy Engineering (HKSE:03996) Long-Term Capital Lease Obligation : HK$3,357 Mil (As of Mar. 2024)

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What is China Energy Engineering Long-Term Capital Lease Obligation?

China Energy Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$3,357 Mil.

China Energy Engineering's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$3,134 Mil) to Dec. 2023 (HK$3,414 Mil) but then declined from Dec. 2023 (HK$3,414 Mil) to Mar. 2024 (HK$3,357 Mil).

China Energy Engineering's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1,374 Mil) to Dec. 2022 (HK$2,193 Mil) and increased from Dec. 2022 (HK$2,193 Mil) to Dec. 2023 (HK$3,414 Mil).

China Energy Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Energy Engineering'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 Energy Engineering Long-Term Capital Lease Obligation Chart

China Energy Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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949.17

707.32

1,373.63

2,192.80

3,414.33

China Energy Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2,881.31	3,134.22	3,414.33	3,357.47

China Energy Engineering (HKSE:03996) 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 Energy Engineering (HKSE:03996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Energy Engineering Corporation Ltd (HKSE:03996) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

2E5:Germany 601868:China

Address

No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ceec.net.cn

China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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