Guangzhou Guanggang Gases and Energy Co (SHSE:688548) Long-Term Capital Lease Obligation : ¥20 Mil (As of Mar. 2025)

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What is Guangzhou Guanggang Gases and Energy Co Long-Term Capital Lease Obligation?

Guangzhou Guanggang Gases and Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥20 Mil.

Guangzhou Guanggang Gases and Energy Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (¥20 Mil) to Dec. 2024 (¥21 Mil) but then declined from Dec. 2024 (¥21 Mil) to Mar. 2025 (¥20 Mil).

Guangzhou Guanggang Gases and Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (¥2 Mil) to Dec. 2023 (¥21 Mil) but then declined from Dec. 2023 (¥21 Mil) to Dec. 2024 (¥21 Mil).

Guangzhou Guanggang Gases and Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Guanggang Gases and Energy 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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Guangzhou Guanggang Gases and Energy Co Long-Term Capital Lease Obligation Chart

Guangzhou Guanggang Gases and Energy Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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99.27

0.83

1.54

21.38

20.79

Guangzhou Guanggang Gases and Energy Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											18.46	22.18	20.49	20.79	20.27

Guangzhou Guanggang Gases and Energy Co (SHSE:688548) 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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Guangzhou Guanggang Gases and Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Guanggang Gases and Energy Co Ltd (SHSE:688548) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Honggang Road, Wanqingsha Town, Nansha, Guangdong, Guangzhou, CHN, 510380

Website

https://www.ggas.com

Guangzhou Guanggang Gases and Energy Co Ltd is engaged in the research & development, production and sales of industrial gases with electronic bulk gases as the core. it is a domestic electronic bulk gas comprehensive service provider.

Executives

Yao Zhan Fan	Director
Deng Tao	Director
Liu Qiong	senior management

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