Jizhong Energy Resources Co (SZSE:000937) Long-Term Capital Lease Obligation : ¥655 Mil (As of Jun. 2024)

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What is Jizhong Energy Resources Co Long-Term Capital Lease Obligation?

Jizhong Energy Resources Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥655 Mil.

Jizhong Energy Resources Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (¥785 Mil) to Mar. 2024 (¥749 Mil) and declined from Mar. 2024 (¥749 Mil) to Jun. 2024 (¥655 Mil).

Jizhong Energy Resources Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥769 Mil) to Dec. 2022 (¥696 Mil) but then increased from Dec. 2022 (¥696 Mil) to Dec. 2023 (¥785 Mil).

Jizhong Energy Resources Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jizhong Energy Resources 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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Jizhong Energy Resources Co Long-Term Capital Lease Obligation Chart

Jizhong Energy Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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875.91

769.38

695.74

784.62

Jizhong Energy Resources Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															939.04	774.43	784.62	749.49	654.93

Jizhong Energy Resources Co (SZSE:000937) 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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Jizhong Energy Resources Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Jizhong Energy Resources Co Ltd (SZSE:000937) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 191 Zhongxing West Street, Hebei Province, Xingtai, CHN, 054000

Website

http://www.jznygf.com

Jizhong Energy Resources Co Ltd is a China-based company engaged in coal mining and processing. It offers washed coal and sieve mixed coal products. Its main business scope covers products such as coal plates, coal chemicals and chemicals, power plates, fiberglass plates and cement plates.

Executives

Wang Yu Min	Director
Cao Yao	Supervisors
Guo Zhi Wu	Supervisors
Liang Ri Dong	Supervisors
Zhang Dang Yu	Executives
Zhang Zhen Feng	Supervisors
Xu Deng Wang	Executives

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