Xizang Zhufeng Resources Co (SHSE:600338) Long-Term Capital Lease Obligation : ¥9 Mil (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Xizang Zhufeng Resources Co Long-Term Capital Lease Obligation?

Xizang Zhufeng Resources Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil.

Xizang Zhufeng Resources Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥17 Mil) to Dec. 2023 (¥9 Mil) but then increased from Dec. 2023 (¥9 Mil) to Mar. 2024 (¥9 Mil).

Xizang Zhufeng Resources Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥16 Mil) to Dec. 2022 (¥27 Mil) but then declined from Dec. 2022 (¥27 Mil) to Dec. 2023 (¥9 Mil).

Xizang Zhufeng Resources Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xizang Zhufeng Resources 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.

* Premium members only.

Xizang Zhufeng Resources Co Long-Term Capital Lease Obligation Chart

Xizang Zhufeng Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

17.75

16.01

26.55

9.40

Xizang Zhufeng Resources 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															23.68	20.72	17.49	9.40	9.42

Xizang Zhufeng Resources Co (SHSE:600338) 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.

Xizang Zhufeng Resources Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Xizang Zhufeng Resources Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Xizang Zhufeng Resources Co (SHSE:600338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xizang Zhufeng Resources Co Ltd (SHSE:600338) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 65, Beijing Middle Road, Tibet Autonomous Region, Lhasa, CHN, 200072

Website

http://www.xizangzhufeng.com

Tibet Summit Resources Co Ltd is a China-based company engaged in the mineral resources exploration, mining, ore processing, metal smelting, mineral products trading, and mineral resources. It is also involved in the resources and related industries investment operations and other services. The company is engaged in the activities of smelting, production, and sale of zinc, indium and other nonferrous metals. It also recycles and sells non-ferrous metal products.

Executives

Meng Xian Dang	senior management
Huang Ya Ting	senior management
Liang Ming	Director
Cao Yu Gang	senior management
Chen Xun Qiao	Director

Xizang Zhufeng Resources Co (SHSE:600338) Headlines

No Headlines