Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Long-Term Capital Lease Obligation : ¥1,084 Mil (As of Mar. 2024)

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What is Zhengzhou Coal Mining Machinery Group Co Long-Term Capital Lease Obligation?

Zhengzhou Coal Mining Machinery Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,084 Mil.

Zhengzhou Coal Mining Machinery Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥1,187 Mil) to Dec. 2023 (¥1,202 Mil) but then declined from Dec. 2023 (¥1,202 Mil) to Mar. 2024 (¥1,084 Mil).

Zhengzhou Coal Mining Machinery Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥1,144 Mil) to Dec. 2022 (¥1,251 Mil) but then declined from Dec. 2022 (¥1,251 Mil) to Dec. 2023 (¥1,202 Mil).

Zhengzhou Coal Mining Machinery Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zhengzhou Coal Mining Machinery Group 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.

Zhengzhou Coal Mining Machinery Group Co Long-Term Capital Lease Obligation Chart

Zhengzhou Coal Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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551.70

688.51

1,144.20

1,250.78

1,201.81

Zhengzhou Coal Mining Machinery Group 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															1,206.15	1,238.37	1,186.60	1,201.81	1,083.90

Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) 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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Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhengzhou Coal Mining Machinery Group Co Ltd (SHSE:601717) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

00564:Hong Kong ZGC:Germany

Address

No. 167, 9th Street, Econ-Tech Development Zone, Henan Province, Zhengzhou, CHN, 450016

Website

https://www.zmj.com

Zhengzhou Coal Mining Machinery Group Co Ltd is an investment holding company. The company's operating segment includes the Manufacture of coal mining machinery and the Manufacture of auto parts. Geographically, the company operates in The PRC, Germany and other countries.

Executives

Fu Qi	senior management
Jia Hao	Directors, senior managers
Fu Zu Gang	Director
Huang Hua	senior management
Zhang Hai Bin	senior management
Wang Xin Ying	Director
Li Wei Ping	senior management
Zhang Ming Lin	Supervisors
Xiang Jia Yu	Director
Jiao Cheng Yao	Director
Liu Qiang	Director
Xu Ming Kai	Supervisors
Zhou Rong	Supervisors
Wang Yong Qiang	senior management
Guo De Sheng	senior management

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