Shandong Iron & Steel Co (SHSE:600022) Long-Term Capital Lease Obligation : ¥78 Mil (As of Mar. 2024)

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What is Shandong Iron & Steel Co Long-Term Capital Lease Obligation?

Shandong Iron & Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥78 Mil.

Shandong Iron & Steel Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥112 Mil) to Dec. 2023 (¥81 Mil) and declined from Dec. 2023 (¥81 Mil) to Mar. 2024 (¥78 Mil).

Shandong Iron & Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥257 Mil) to Dec. 2022 (¥178 Mil) and declined from Dec. 2022 (¥178 Mil) to Dec. 2023 (¥81 Mil).

Shandong Iron & Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Iron & Steel 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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Shandong Iron & Steel Co Long-Term Capital Lease Obligation Chart

Shandong Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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257.09

177.81

81.16

Shandong Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															151.15	133.44	111.85	81.16	78.06

Shandong Iron & Steel Co (SHSE:600022) 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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Shandong Iron & Steel Co (SHSE:600022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Iron & Steel Co Ltd (SHSE:600022) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 21, Gongye North Road, Licheng District, Shandong Province, Jinan, CHN, 250101

Website

http://www.jigang.com.cn

Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.

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