Hubei Energy Group Co (SZSE:000883) Long-Term Capital Lease Obligation : ¥708 Mil (As of Mar. 2024)

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What is Hubei Energy Group Co Long-Term Capital Lease Obligation?

Hubei Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥708 Mil.

Hubei Energy Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥758 Mil) to Dec. 2023 (¥685 Mil) but then increased from Dec. 2023 (¥685 Mil) to Mar. 2024 (¥708 Mil).

Hubei Energy Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥491 Mil) to Dec. 2022 (¥563 Mil) and increased from Dec. 2022 (¥563 Mil) to Dec. 2023 (¥685 Mil).

Hubei Energy Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hubei Energy 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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Hubei Energy Group Co Long-Term Capital Lease Obligation Chart

Hubei Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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310.34

490.71

563.12

684.86

Hubei Energy 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															560.80	702.70	758.21	684.86	708.47

Hubei Energy Group Co (SZSE:000883) 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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Hubei Energy Group Co (SZSE:000883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hubei Energy Group Co Ltd (SZSE:000883) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 356 Wuluo Road, Wuchang District, Wuhan, Hubei, CHN, 430070

Website

http://www.hbny.com.cn

Hubei Energy Group Co Ltd is an energy company in China. The companies business segments include hydropower, thermal power, nuclear power, new energy, natural gas, coal, and finance.

Executives

Li Shao Ping	Supervisors
Zhang Guo Yong	Executives
Jin Biao	Executives
Cheng Tao	Executives
Zhou Jiang	Directors, executives
Liu Cheng Li	Supervisors
Li Chang Cai	Executives
Xiao Hong Jiang	Director
Zhang Xue Gui	Executives
Sun Gui Ping	Executives
Deng Yu Min	Directors, executives
Jia Shu Guang	Executives
Yuan Hong Liang	Supervisors
Tan Hui	Supervisors
Wu Jun	Director

Hubei Energy Group Co (SZSE:000883) Headlines

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