Shanxi Coking Coal Energy Group Co (SZSE:000983) Long-Term Capital Lease Obligation : ¥252 Mil (As of Mar. 2024)

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What is Shanxi Coking Coal Energy Group Co Long-Term Capital Lease Obligation?

Shanxi Coking Coal Energy Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥252 Mil.

Shanxi Coking Coal Energy Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥221 Mil) to Dec. 2023 (¥170 Mil) but then increased from Dec. 2023 (¥170 Mil) to Mar. 2024 (¥252 Mil).

Shanxi Coking Coal Energy Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥309 Mil) to Dec. 2022 (¥163 Mil) but then increased from Dec. 2022 (¥163 Mil) to Dec. 2023 (¥170 Mil).

Shanxi Coking Coal Energy Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanxi Coking Coal 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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Shanxi Coking Coal Energy Group Co Long-Term Capital Lease Obligation Chart

Shanxi Coking Coal 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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167.80

309.30

162.86

169.75

Shanxi Coking Coal 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															238.65	253.79	221.30	169.75	252.15

Shanxi Coking Coal Energy Group Co (SZSE:000983) 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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Shanxi Coking Coal Energy Group Co (SZSE:000983) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Coking Coal Energy Group Co Ltd (SZSE:000983) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No 318 West Mine Street, Xishan Building, Shanxi province, Taiyuan, CHN, 030053

Website

http://www.xsmd.com.cn

Shanxi Coking Coal Energy Group Co Ltd formerly Shanxi Xishan Coal And Electricity Power Co Ltd is a China-based company engaged in coal mining and processing, coal mining machine manufacturing, and electrical equipment repair. The business scope of the company includes coal sales, washing and processing; power generation; power procurement and sales; power facilities, transportation and maintenance; equipment cleaning, cleaning services, technology development, technology transfer, technical consulting, laboratory testing, mechanical and electrical repair, material processing, energy-saving renovation New energy management; mine development design and construction; mining and power equipment production and operation and coal mining.

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