Poten Environment Group Co (SHSE:603603) Long-Term Capital Lease Obligation : ¥13.9 Mil (As of Sep. 2023)

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What is Poten Environment Group Co Long-Term Capital Lease Obligation?

Poten Environment Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥13.9 Mil.

Poten Environment Group Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (¥18.9 Mil) to Jun. 2023 (¥14.7 Mil) and declined from Jun. 2023 (¥14.7 Mil) to Sep. 2023 (¥13.9 Mil).

Poten Environment Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (¥66.7 Mil) to Dec. 2021 (¥49.1 Mil) and declined from Dec. 2021 (¥49.1 Mil) to Dec. 2022 (¥22.3 Mil).

Poten Environment Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poten Environment 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.

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Poten Environment Group Co Long-Term Capital Lease Obligation Chart

Poten Environment Group Co Annual Data

Trend

Dec13

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Dec15

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Dec17

Dec18

Dec19

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Dec22

Long-Term Capital Lease Obligation

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66.71

49.14

22.27

Poten Environment Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															31.26	22.27	18.94	14.72	13.94

Poten Environment Group Co (SHSE:603603) 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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Poten Environment Group Co (SHSE:603603) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Poten Environment Group Co Ltd (SHSE:603603) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 60 Xizhimen North Street, Room 12A06-08, Shougang International Building, Haidian District, Beijing, CHN, 100082

Website

http://www.poten.cn

Poten Environment Group Co Ltd is a China based company engaged in providing integrated water systems and solutions for Urban water environment, Industrial water system, and Ecological restoration and soil remediation. The urban water environment service includes traditional water environment services like water supply, domestic sewage treatment and reclaimed water. The Industrial and energy water systems include coal chemical, petrochemical, fine chemical, thermoelectric, textile and paper, food and beverage, bio-pharmaceutical, electronic machinery and other industrial fields. The Ecological restoration and soil remediation solutions comprise groundwater pollution control, black and odorous water bodies and watershed management, and contaminated site remediation.

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