Shanghai Electric Wind Power Group Co (SHSE:688660) Long-Term Capital Lease Obligation : ¥260 Mil (As of Mar. 2024)

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What is Shanghai Electric Wind Power Group Co Long-Term Capital Lease Obligation?

Shanghai Electric Wind Power Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥260 Mil.

Shanghai Electric Wind Power Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥262 Mil) to Dec. 2023 (¥251 Mil) but then increased from Dec. 2023 (¥251 Mil) to Mar. 2024 (¥260 Mil).

Shanghai Electric Wind Power Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥359 Mil) to Dec. 2022 (¥306 Mil) and declined from Dec. 2022 (¥306 Mil) to Dec. 2023 (¥251 Mil).

Shanghai Electric Wind Power Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Electric Wind Power 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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Shanghai Electric Wind Power Group Co Long-Term Capital Lease Obligation Chart

Shanghai Electric Wind Power Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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350.23

358.98

306.26

251.17

Shanghai Electric Wind Power Group Co Quarterly Data
	Mar19	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															293.76	257.05	261.56	251.17	259.89

Shanghai Electric Wind Power Group Co (SHSE:688660) 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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Shanghai Electric Wind Power Group Co (SHSE:688660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Wind Power Group Co Ltd (SHSE:688660) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 555, Dongchuan Road, 8th Floor, Building, Minhang District, Shanghai, CHN, 200240

Website

https://www.shanghai-electric.com

Shanghai Electric Wind Power Group Co Ltd is engaged in the design, research and development, manufacturing and sales, and aftermarket supporting services of Wind power equipment.

Executives

Huang Feng Feng	senior management
Wang Hong Chun	Supervisors
Qiao Yin Ping	Director
Wang Yong	Directors, senior managers
Liu Xiang Nan	Directors, senior managers
Wu Gai	Directors, senior managers
Wang Ming Jun	senior management
Zheng Gang	Directors, senior managers
Zhu Zhi Quan	Core technical personnel

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