Shenzhen Expressway (SHSE:600548) Long-Term Capital Lease Obligation : ¥51 Mil (As of Mar. 2024)

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What is Shenzhen Expressway Long-Term Capital Lease Obligation?

Shenzhen Expressway's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥51 Mil.

Shenzhen Expressway's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥54 Mil) to Dec. 2023 (¥46 Mil) but then increased from Dec. 2023 (¥46 Mil) to Mar. 2024 (¥51 Mil).

Shenzhen Expressway's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥327 Mil) to Dec. 2022 (¥48 Mil) and declined from Dec. 2022 (¥48 Mil) to Dec. 2023 (¥46 Mil).

Shenzhen Expressway Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shenzhen Expressway'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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Shenzhen Expressway Long-Term Capital Lease Obligation Chart

Shenzhen Expressway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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118.27

104.65

326.96

47.74

45.61

Shenzhen Expressway 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															38.96	60.90	54.44	45.61	50.63

Shenzhen Expressway (SHSE:600548) 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.

Shenzhen Expressway Long-Term Capital Lease Obligation Related Terms

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Shenzhen Expressway (SHSE:600548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Expressway Corp Ltd (SHSE:600548) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

00548:Hong Kong SHZH:Germany

Address

Hanking Center Tower, Yuehai Street, No. 9968, Floor 46, Shennan Avenue, Nanshan District, Shenzhen, CHN, 518026

Website

https://www.sz-expressway.com

Shenzhen Expressway Corp Ltd, formerly Shenzhen Expressway Co Ltd constructs, operates, and maintains toll highways, roads, and urban infrastructure. The group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment engages in the operation and management of environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the Toll segment.

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