China Merchants Energy Shipping Co (SHSE:601872) Long-Term Capital Lease Obligation : ¥212 Mil (As of Dec. 2023)

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What is China Merchants Energy Shipping Co Long-Term Capital Lease Obligation?

China Merchants Energy Shipping Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥212 Mil.

China Merchants Energy Shipping Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥321 Mil) to Sep. 2023 (¥284 Mil) and declined from Sep. 2023 (¥284 Mil) to Dec. 2023 (¥212 Mil).

China Merchants Energy Shipping Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥521 Mil) to Dec. 2022 (¥378 Mil) and declined from Dec. 2022 (¥378 Mil) to Dec. 2023 (¥212 Mil).

China Merchants Energy Shipping Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co Long-Term Capital Lease Obligation Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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1,053.83

520.93

377.83

211.86

China Merchants Energy Shipping Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															377.83	345.47	320.50	283.70	211.86

China Merchants Energy Shipping Co (SHSE:601872) 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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China Merchants Energy Shipping Co (SHSE:601872) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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