Shandong Xinchao Energy (SHSE:600777) Long-Term Capital Lease Obligation : ¥74 Mil (As of Sep. 2024)

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What is Shandong Xinchao Energy Long-Term Capital Lease Obligation?

Shandong Xinchao Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥74 Mil.

Shandong Xinchao Energy's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (¥71 Mil) to Jun. 2024 (¥73 Mil) and increased from Jun. 2024 (¥73 Mil) to Sep. 2024 (¥74 Mil).

Shandong Xinchao Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥18 Mil) to Dec. 2022 (¥9 Mil) but then increased from Dec. 2022 (¥9 Mil) to Dec. 2023 (¥71 Mil).

Shandong Xinchao Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Xinchao Energy'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 Xinchao Energy Long-Term Capital Lease Obligation Chart

Shandong Xinchao Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.16

18.39

8.85

71.09

Shandong Xinchao Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															71.00	71.09	71.12	72.80	74.15

Shandong Xinchao Energy (SHSE:600777) 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 Xinchao Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Xinchao Energy Corp Ltd (SHSE:600777) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 301, Gangcheng East Street, Floor 14, Building B, Nanshan Century Building, Laishan District, Shandong Province, Yantai, CHN

Website

http://www.xinchaoshiye.com

Shandong Xinchao Energy Corp Ltd is engaged in overseas oil and gas exploration, production, and sale.

Executives

Du Jing	Director
Yang Xiao Yun	Director
Yu Xuan	Director
He Zai Quan	senior management
Hu Guang Jun	Director
Huang Wan Zhen	Director
Liu Zhi Yu	Supervisors
Jiang Hua	senior management
Jiang Xue Rong	Director
Chang Ming De	Supervisors
He Rong Quan	senior management
Ge Pei Le	Supervisors
Jian Shi Hui Zhu Xi	Supervisors
Dong Shi Zhang	Director
Fu Zong Jing Li Jian Zong Fa Lv Gu Wen	senior management

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