Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Long-Term Capital Lease Obligation : ¥404 Mil (As of Mar. 2024)

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What is Shan Xi Hua Yang Group New Energy Co Long-Term Capital Lease Obligation?

Shan Xi Hua Yang Group New Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥404 Mil.

Shan Xi Hua Yang Group New Energy Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥267 Mil) to Dec. 2023 (¥387 Mil) and increased from Dec. 2023 (¥387 Mil) to Mar. 2024 (¥404 Mil).

Shan Xi Hua Yang Group New Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥329 Mil) to Dec. 2022 (¥301 Mil) but then increased from Dec. 2022 (¥301 Mil) to Dec. 2023 (¥387 Mil).

Shan Xi Hua Yang Group New Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shan Xi Hua Yang Group New Energy 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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Shan Xi Hua Yang Group New Energy Co Long-Term Capital Lease Obligation Chart

Shan Xi Hua Yang Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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348.35

328.59

301.01

387.39

Shan Xi Hua Yang Group New Energy 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															282.35	271.70	267.35	387.39	404.04

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) 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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Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shan Xi Hua Yang Group New Energy Co Ltd (SHSE:600348) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 2, Taobei West Street, Mining District, Shanxi Province, Yangquan, CHN, 045000

Website

https://www.ymjt.com.cn

Shan Xi Hua Yang Group New Energy Co Ltd, formerly Yang Quan Coal Industry (Group) Co Ltd is mainly engaged in coal mining, processing, and distribution as well as power generation and heat supply. The company has about 1.8 billion tons of recoverable coal reserves. In 2010, Yangquan produced 26.21 million tons of coal and distributed 45.38 million tons of coal.

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