Changchun Gas Co (SHSE:600333) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Changchun Gas Co Long-Term Capital Lease Obligation?

Changchun Gas Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Changchun Gas Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥3 Mil) to Dec. 2023 (¥2 Mil) but then increased from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Changchun Gas Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥3 Mil) and declined from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥2 Mil).

Changchun Gas Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Changchun Gas 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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Changchun Gas Co Long-Term Capital Lease Obligation Chart

Changchun Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.02

2.51

1.56

Changchun Gas 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															2.87	2.08	3.12	1.56	2.10

Changchun Gas Co (SHSE:600333) 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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Changchun Gas Co (SHSE:600333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Changchun Gas Co Ltd (SHSE:600333) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 421 Yan'an Street, Chaoyang District, Changchun, Jilin, CHN, 130061

Website

http://www.ccrq.com.cn

Changchun Gas Co Ltd is engaged in the production and supply of gas in China. It engages in the production, sale, storage, transportation, and after-sales service of natural gas for automobiles; operation of gas filling stations.

Executives

Liu Yan Zhi	senior management
Liang Yong Xiang	Directors, senior managers
Jin Yong Hao	senior management
Tong Shao Guang	senior management
Sun Ping	Director
Sun Shu Huai	Directors, senior managers
Zhao Feng Qi	Supervisors
Guo Jun	Supervisors

Changchun Gas Co (SHSE:600333) Headlines

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